While everyone agrees the capacity market (CM) is the foundation of the business case for BESS in Poland, that might not always be the case, one developer suggested.

It was a busy week of news in the UK’s grid-scale energy storage market last week, with BESS projects put into operation by Eku Energy and Harmony Energy Income Trust (HEIT), and projects in the gigawatt-hour scale announced by ESB and Apatura in Scotland.

Harmony Energy Income Trust (HEIT) expects to receive offers for battery storage assets in its UK portfolio by the end of September.

A roundup of battery energy storage system (BESS) news from the UK, with Harmony Energy Income Trust (HEIT) commissioning a system, Field ordering one from Envision and Quinbrook launching construction on another.

Developer Harmony Energy is set to build a 100MW/200MWh battery energy storage system (BESS) project in France, the country’s largest.

Harmony Energy Income Trust (HEIT) has scrapped its first quarter dividend and appointed advisors JLL to sell some or all of its BESS assets, partly to demonstrate that the fund is undervalued by the markets.

Harmony Energy and Fotowatio Renewable Ventures (FRV) have energised a 99MW/198MWh battery energy storage system (BESS) in Essex.

UK-based clean energy developer Harmony Energy now has a pipeline of BESS projects that are ready-to-build in France, Germany and Poland, its chief investment officer said at the Energy Storage Summit EU in London last month.

UK energy storage fund manager Harmony Energy has said revenues in 2023 were significantly lower than 2022, postponing its dividend, after peer Gresham House said the same thing earlier in the week.

Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.