The UK government is seeking the “most rapid and effective path” towards a potential re-opening of the Capacity Market (CM), but has failed to determine the consequences if a negative decision is forthcoming.
There has been a substantial drop in the levels of new battery capacity being entered into consideration for the UK’s Capacity Market (CM) mechanism, according to the prequalification results of the next auctions.
The future of the Capacity Market has been plunged into doubt after the European Court of Justice annulled the European Commission’s decision not to object to the scheme.
Arlington Energy, a clean energy investment group, has announced plans to build out a 1GW portfolio of energy storage and gas peaker projects across the UK after securing initial funding of £200 million (US$255 million) from an offshore fund of institutional investment.
The UK’s transmission system operator National Grid’s redesigned Capacity Market targets around 50GW of reserves up to 2023 and could be an early step towards longer duration energy storage batteries.
After reporting last week on the findings from EMMES, the European Market Monitor on Energy Storage from Delta-ee and trade association EASE, which demonstrated a big rise in installations by MWh in 2017 across the continent, we delved further behind another record-breaking year with the report’s lead author, Valts Grintals of Delta-ee.
Cleve Hill Solar Park, the joint venture (JV) of Hive Energy and Wirsol intending to develop a 350MW+ solar farm on the Kent coast of England, has yet to make any decisions regarding the battery storage element of its plans, contrary to media reports.
Fluence says it has secured the single largest energy storage portfolio transaction for a technology provider announced in the UK to date after being selected by UK Power Reserve (UKPR) to deliver half of its battery storage portfolio.
Ofgem is to consider Scottish Power’s proposal to create demand side response (DSR) technology classes intended to apply new de-rating factors to energy storage used as part of DSR bids into the Capacity Market in 2019.