The Gore Street Energy Storage Fund (GSF) was one of the early movers in the UK BESS industry and now has operational assets in Great Britain (GB), Ireland, Germany, Texas and California.
The UK saw a slowdown in both BESS installations and submitted applications in 2024, while applications in Ireland grew by capacity, writes PV Tech Research analyst Charlotte Gisbourne.
Battery energy storage systems (BESS) from several firms helped the energy system recover after the NSL interconnector, which connects the UK and Norway, suddenly stopped exporting power to the UK.
Energy storage fund investment manager Gore Street has released its full-year results, reiterating how internationalisation helped it weather falling revenues in the UK – though not enough to maintain its dividend level.
The energy storage market in Ireland continues to show strong growth potential. While still in the early stages of site construction, new additions are now providing a strong uptick in activity.
Statkraft’s Rory Griffin writes about the challenges and opportunities encountered in developing Ireland’s first-ever 4-hour duration battery storage project, which is co-located with a wind farm.
While short-duration BESS has flourished in Ireland, a ‘policy vacuum’ threatens the long-duration energy storage (LDES) rollout required for its renewables goals, research firm Cornwall Insights said.
The first 4-hour duration battery storage project to be built in Ireland exemplifies both the challenges and opportunities of the country’s growing and evolving market.
