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.
Scotland-headquartered multinational energy company SSE has acquired development rights for its first 50MW battery storage asset from developer Harmony Energy.
A 99.9MW energy storage project in development in northern England by Renewable Energy Systems (RES) has secured planning permission, with the asset set to be operational in late 2023.
Foresight Solar Fund, a UK-based investment company with over a gigawatt of solar PV assets in its portfolio, has made its first move into the battery storage space.
