Gresham House expects to earn more than US$144 million revenues from Capacity Market contracts.

The award of contracts to 1GW of battery storage was the “biggest news” to emerge from the latest round of Capacity Market auctions held in the UK.

Investors are now becoming more comfortable with battery storage in the UK, with projects being profitable and cost-effective, according to industry experts.

Energy storage asset developer and owner GlidePath has begun construction of a 50MW/50MWh battery energy storage system (BESS) project in Texas.

A cap and floor regime would be the most beneficial solution for supporting long-duration energy storage in the UK, a report from KPMG has found.

A second installation phase has been completed at TotalEnergies’ battery energy storage facility in Dunkirk, northern France, bringing its output and capacity to 61MW / 61MWh.

Energy technology company Wärtsilä has announced battery energy storage system (BESS) projects in two new markets for the company, with orders from customers in Chile and Belgium.

Prequalification results for the UK’s T-4 and T-1 Capacity Market auctions have been released, with battery storage rising significantly in both.

The success in a recent capacity market auction of large-scale battery energy storage system (BESS) projects in Belgium is a sign of the European country’s energy storage market maturing, Energy-Storage.news has heard. 

Energy storage is a key enabler of net zero emissions in the UK, but some unresolved challenges still make it a complex sector to navigate, as Antonia Silvestri and Gary Roscoe, partners at law firm TLT, explain.