The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.

Since its IPO in November 2018, Gresham House Energy Storage Fund, a utility-scale battery storage investment fund listed on the London Stock Exchange has seen its total share price return of 27.3% significantly outperform the 7.9% returns across the FTSE All Share weighted index.

Italy’s transmission system operator Terna has awarded five-year contracts for battery energy storage systems (BESS) to provide Fast Reserve grid services in an oversubscribed pilot auction.

France, Italy, Spain and Belgium are among the regions of most interest for energy storage stakeholders in Europe, analysis firm Clean Horizon has told Energy-Storage.news.

Solar Media is proud to have been asked by technology provider NEC to publish a guide in the form of a case study, going in-depth on the 10MW Cleator and 40MW Glassenbury projects the company’s Energy Solutions division worked on for customer VLC Energy.

Enel has completed its first grid-scale stand-alone battery, becoming the latest developer in the UK to complete a project backed by an Enhanced Frequency Response (EFR) contract from the transmission system operator.

Vattenfall has brought online its 22MW battery project co-located with the Pen y Cymoedd onshore wind farm in Wales, becoming the latest company to start delivering sub-second frequency response to National Grid in the UK.

VLC Energy has become the latest firm to finish its Enhanced Frequency Response (EFR) battery projects following the completion of two projects totalling 50MW.

Battery storage technology costs will have to fall by a further 30% before projects in the UK are feasible without lucrative frequency response revenues, a leading investor has said.

German renewables funder Capital Stage is lining up its first battery storage move, but stressed it could be some time before business models are mature enough.