A coalition of battery storage developers, including Zenobē, Eelpower, Harmony Energy and Field, has penned a letter to the UK government and National Grid Electricity System Operator (National Grid ESO).
The UK arm of EDF Renewables yesterday (20 August) announced that it will bring over 300MW of battery energy storage system (BESS) projects online over the next 12 months in the country.
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.
UK electricity market operator National Grid ESO is reassessing how much energy storage gets paid in the Capacity Market, battery storage operators told Energy-Storage.news, with one calling the current system ‘outdated’.
London Stock Exchange-listed battery storage investment firm Harmony Energy Income Trust (HEIT) has predicted that it can generate “attractive returns” despite the ongoing woes in battery energy storage revenues in the GB market.
The inverters at an upcoming 300MW/600MWh project in Scotland, UK, will enable the asset to deliver inertia that is “essential for the grid to function efficiently”.
Battery energy storage systems (BESS) were awarded 655.16MW in the UK’s T-1 Capacity Market Auction for delivery year 2024/25, which cleared yesterday (20 February) after eight rounds at £35.79 (US$45.17)/kW/year.
The first energy storage asset built using Wärtsilä’s new Quantum High Energy battery energy storage system (BESS) solution will be a 300MW/600MWh project in Scotland, UK.
We hear from Chris Wickins, technical director at UK battery storage developer-operator Field about how grid interconnection and market mechanisms are developing in Europe’s most advanced energy storage market.
