Last week’s T-1 Capacity Market auction in the UK cleared at a slightly higher price than expected, and battery storage developers that successfully took part were the auction’s “big winners,” according to one analyst.

Trina Storage, the energy storage arm of major solar PV company Trina Solar, launched its new battery storage solution Elementa 2, to the global market at this year’s Energy Storage Summit EU.

The implications of larger projects, revenue streams of projects, and grid connection issues were discussed on a panel at the ESS EU event in London.

We caught up with James Li, European energy storage director of inverter and BESS provider Sungrow, at the Energy Storage Summit EU 2024.

The panel – Where are the Commercial Opportunities for Co-Location? – was almost full to capacity on the afternoon of the first day of the Summit.

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.

Battery storage systems are “perhaps the most complex energy asset to optimise” from a market perspective, but the UK industry is handling those challenges.

The successful participants in the second round of Greece’s auction for financial support of large-scale BESS have been revealed.

The Republic of Ireland’s environment minister Eamon Ryan was on hand last week as a 75MW/150MWh battery energy storage system (BESS) was officially inaugurated.

Multinational utility and IPP RWE has started building its first battery energy storage system (BESS) project in the Netherlands.