Firm Frequency Response (FFR) auction prices in the UK have hit their lowest level since 2019 as market saturation begins to take effect, market analytics platform Modo Energy said.
Vehicle-to-grid (V2G) firm Nuvve will use its platform to manage 40MW of EV chargers and battery storage capacity in frequency regulation markets in Norway and Denmark.
Battery energy storage system (BESS) developer Jupiter Power has closed a US$174.6 million portfolio debt financing for its six projects totalling 650MWh of storage in the ERCOT market in Texas.
By the end of 2022, the volume of installed batteries in the UK is set to outstrip the demand from frequency services, marking a key tipping point for Dynamic Containment (DC).
With a project pipeline in excess of 14GW, a developing regulatory envelope and maturing revenue streams, the UK’s energy storage sector continues to be at the forefront globally. Molly Lempriere charts the market’s development to date and uncovers how it has responded to deployment barriers.
The dynamics of balancing electricity supply and demand on the grid have been deeply affected by the coronavirus pandemic, but it’s certainly not the only reason why the UK’s electricity system operator is introducing a new service called Dynamic Containment. What is it and why is the UK already replacing its firm frequency response (FFR) and other ancillary services?
UK aggregator Kiwi Power is launching a ‘co-optimisation’ offering as it warns that relying on fast frequency response (FFR) could risk half of potential revenues.
Merchant energy storage has become an investable asset class in the UK, a provider of battery optimisation services has said, with the market moving away from an emphasis on contracted revenue streams for supplying grid services.
As battery owners and operators seek to maximise the returns from their assets, they simultaneously face the Herculean challenge of managing degradation.
