UK-based Gresham House Energy Storage Fund has sealed the deal on its latest battery optimisation agreement.

Ørsted has appointed REMAP as its marketing agent for its flexible generation and revenue optimisation services in the UK.

The Nobel Foundation recognised not only the role of lightweight, portable battery technology for mobile phones, laptops and latterly electric vehicles, but also that it “can also store significant amounts of energy from solar and wind power, making possible a fossil fuel-free society”.

Sales of battery storage units to residential households in Germany are booming, but it’s the value of services the batteries can provide, rather than the hardware itself that offers a long-term economic opportunity, a Siemens representative has said.

While the relationship between renewable energy and energy storage is a close one, combining storage with natural gas is also an important stepping stone measure in the transition to 100% renewables, Energy-Storage.news has heard.

Project financing for six large-scale energy storage systems in Germany has been helped along by due diligence provided by testing, certification and knowledge services group TÜV SÜD.

A ‘hybrid’ plant for storing wind energy in batteries has been constructed by infrastructure and energy firm Acciona in Spain, thought to be the first such project in the country.