UK-based renewable energy developer Anesco will use its acquisition of a German wind and solar developer to expand into the country’s utility-scale energy storage market, CEO Mark Futyan told Energy-storage.news.
London-listed energy storage investor Gore Street Capital CEO Alex O’Cinneide discussed its fund’s recent expansion outside UK/Ireland and which markets are most of interest, in an interview with Energy-storage.news.
The German energy storage market continued to be dominated by the residential segment in 2021 although utility-scale battery revenues grew by nearly six times year-on-year, according to new figures from the national storage association.
Energy storage system (ESS) provider Tesvolt says that it saw 195% year-on-year growth in orders during March, as businesses seek to reduce their dependency on fossil fuels especially in light of the Russian invasion of Ukraine.
The German battery storage market continues to be dominated by the residential segment which accounted for 93% of the 1,350MWh of capacity installed last year, according to research by a group of Aachen-based institutions.
