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.

A 100MW battery storage project in the UK connected to National Grid’s transmission network has gone online, developed by Pacific Green on the former site of a coal plant.

UK’s electricity system operator, National Grid ESO (ESO) this week (12 December) launched the first stage of its Open Balancing Platform.

Varco Energy has secured debt financing facilities from bank NatWest to fund its pipeline of battery energy storage systems (BESS) in the UK.

Norwegian state-owned power producer Statkraft has enlisted system integrator Fluence for a 50MW, transmission system-connected battery energy storage system (BESS) in the UK.

Electric vehicles have been used to help balance the grid in what has been dubbed a first for vehicle-to-grid tech in the UK.