Intersect Power has secured US$750 million funding to take its portfolio of renewables, energy storage and green hydrogen projects beyond 8GW.

The first 500MWh of SMC Global Power’s battery storage portfolio has been installed.

Following last year’s acquisition, independent power plant developer Green Frog Power has rebranded as Pulse Clean Energy and unveiled a target of 1GW+ of energy storage assets in the UK.

Investors are now becoming more comfortable with battery storage in the UK, with projects being profitable and cost-effective, according to industry experts.

Gresham House, a stock exchange-listed investor in battery storage in the UK and Ireland, has said the majority of its development pipeline projects could have at least two hour durations of storage when built.

EDF-owned UK battery storage developer-investor Pivot Power has started work on a 50MW/100MWh battery storage facility as part of its second Energy Superhub project.

UK renewable energy and battery storage developer Harmony Energy has raised gross proceeds of £186.5 million (US$251 million) to fund a battery storage rollout through an IPO.

Developer Penso Power has signed a new agreement with global maritime group BW Group that will see the build-out of the former’s UK battery storage pipeline fully funded.

Pacific Green Energy Storage is to acquire a 249MW battery energy storage development in Kent, southern England in the UK.