Swiss investment fund and project development vehicle MW Storage has contracted Fluence to supply and integrate a 20MW battery storage asset in Finland.

Utility Octopus Energy will pay Gresham House Energy Storage Fund (GRID) a fixed fee to use half of its UK BESS portfolio, at a price which it said is ‘above the current merchant revenue stack’.

Battery storage thrives on energy market volatility meaning there will be good years and bad years, a panellist at Solar Media’s Renewable Energy Revenues Summit 2024 said last week.

Average revenues for the Gresham House Energy Storage Fund doubled from February to April this year, fund manager Gresham House said in its full year 2023 results.

Market saturation in the Texas, ERCOT ancillary services market is already happening as the BESS buildout accelerates, Energy-Storage.news has heard.

Energy-Storage.news proudly presents our webinar with Clean Horizon on how energy storage systems can provide more value by going beyond ancillary services.

ib vogt has sold rights to a large-scale 1-hour duration battery storage project in Finland, Europe, to investor Renewable Power Capital (RPC).

The Gore Street Energy Storage Fund’s results for the first half of its financial year have demonstrated the benefits of its internationalisation strategy, though its net asset value (NAV) per share fell slightly.

Investor EQT Infrastructure has acquired UK clean energy and battery storage developer-operator Statera, the latest in a flurry of deals in the UK market.

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