London Stock Exchange-listed battery storage investment firm Harmony Energy Income Trust (HEIT) has predicted that it can generate “attractive returns” despite the ongoing woes in battery energy storage revenues in the GB market.

BESS route-to-market (RTM) and optimisation firms in the UK are increasingly looking at a wider variety of contracting mechanisms beyond the revenue-share or ‘merchant’ model, developer-operator Eku Energy told Energy-Storage.news.

This Friday Briefing looks back at how the industry in 2021 theorised the UK battery storage market playing out.

Solar developer Lightsource BP has energised its first BESS project, in the UK – the first of its global multi-gigawatt pipeline.

IPP Neoen has started construction on a 2-hour 56.4MW/112.9MWh BESS in Finland, in the context of market dynamics which optimiser Capalo AI explained to Energy-Storage.news.

Energy storage projects will be eligible to take part in competitive capacity auctions for low-carbon power set to be launched this month by the Japanese government.  

Looking back on some of the best Guest Blogs we published in 2023, covering everything from insurance to optimisation, from project case studies to market analysis.

The optimisation arm of oil and gas major bp will provide power trading and optimisation services for two UK battery energy storage system (BESS) projects owned by Harmony Energy Income Trust (HEIT).

The revenue advantage of 2-hour battery energy storage systems (BESS) in Germany versus 1-hour systems is nearly three times higher than it was two years ago, optimisation firm Entrix told Energy-Storage.news after its latest fundraising round.

While the demand for third-party battery energy storage system (BESS) optimisation services looks set to grow substantially, challenges for companies specialised in offering those services remain.