Concern has been raised by the industry about battery storage consistently being overlooked in the UK’s Balancing Mechanism (BM), as the sector’s average revenues plummeted in the first half of 2023.
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.
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.
Domestic vehicle-to-grid (V2G) can deliver ancillary services to the UK’s electricity network and earn revenues, but what is thought to be the world’s biggest trial of the technology has found that the costs of associated hardware are still too high for many consumers.
Developer Fotowatio Renewable Ventures (FRV) has unveiled the second utility-scale battery project in its “strategic plan to develop energy storage projects globally”.
UK electricity system operator National Grid ESO is reviewing its previously-announced timescale for the introduction of two dynamic frequency response services and phase out of the existing market regime.
The greatest value aggregrators putting batteries and other assets in the UK’s electricity markets offer to their customers today is in providing access to the Balancing Mechanism (BM), through which the electricity system operator National Grid ESO matches supply and demand in real-time.
A provider of home battery storage systems aggregated via an artificial intelligence (AI) platform has won the first ever fully domestic weekly Firm Frequency Response (FFR) contract with the UK’s transmission network operator, National Grid ESO.
An energy storage system made up of ‘second life’ batteries previously used in Renault’s electric vehicle (EV) has been deployed for Umicore, a multinational materials technology company headquartered in Belgium.
The vast majority of battery projects set to compete in Britain’s upcoming Capacity Market (CM) auctions will face significantly decreased de-rating factors after it emerged that most projects are still set to use either 30 minute or one hour duration batteries.
