British investment trust, The Renewables Infrastructure Group (TRIG), has become the latest investor to enter the large scale energy storage market after buying a 20MW project from RES for £20 million (US$25.9 million).
In the past month we have heard a lot about the future of storage in the UK. From plans by the government and regulator to enable greater flexibility across electricity networks to changes to technical rules governing the market, there’s been a sense that a great deal is changing. Analyst Lauren Cook of Solar Media’s in-house market research team takes a look at the utility-scale pipeline figures behind the headlines.
Earlier this week the UK government and energy regulator Ofgem published a strategy for a modernised, smart and flexible power system, the result of an eagerly anticipated response to last year’s Smart Power Call for Evidence. Liam Stoker takes a deep dive to examine the implications for solar and energy storage of this major undertaking.
National Grid has reduced its forecasts for electricity storage capacity in the UK down to just 10.7GW by 2050 in the most ambitious scenario set out within its future projections for the energy sector.
The UK’s main electricity transmission network operator (TNO) National Grid has published a new consultation on its system needs and product strategy which paves the way for a number of new services tenders to be made available from next year.
Giants of the UK energy sector are to work within a new collaborative group aimed at enabling significant cost reductions for the electricity system through the use of energy storage applications.
The UK is to become home to Europe’s largest battery flywheel system in a first for the country which will provide fast acting frequency response services and aid the integration of renewables.
Italian energy company Enel has agreed terms to buy Element Power’s 12.5MWh battery storage project, which secured one of the most highly remunerated contracts in last year’s Enhanced Frequency Response (EFR) tender by the UK’s transmission system operator National Grid.
Investor-owned energy company National Grid, responsible for electricity and gas delivery in New York, Massachusetts and Long Island, will build a 5MW / 40MWh energy storage facility in Long Island with NextEra Energy.
A new joint venture has been established to fund early stage energy storage and renewable energy projects in the UK, beginning with two of the winning projects from National Grid’s Enhanced Frequency Response (EFR) tender.