Repurposing EV battery packs and modules into BESS obviously has environmental benefits, but challenges around pricing, performance and safety remain, panellists at an industry event in London said last week.

Asset manager AIP Management has bought a 49% stake in a 2.4GWh UK portfolio from global BESS investment platform BW ESS for a deal in excess of £650 million (US$873 million).

Local authorities approved 1,237MW/2,474MWh of grid-scale BESS in the UK, the latest data from our monthly roundup shows.

Just over 70% of the successful projects in the first window of the UK’s long-duration energy storage (LDES) scheme are using lithium-ion BESS technology.

Projects supported by the UK government’s long-duration energy storage (LDES) cap-and-floor could significantly dampen price spreads but also affect non-LDES flexibility assets.

Fidra Energy has secured £1 billion for the largest BESS in the UK, while EDF and Elements Green have agreed a toll for a 720MWh system.

The UK had one of its best months of the year for large-scale BESS projects being completed in August.

The sale of the UK BESS-holding Harmony Energy Income Trust (HEIT) proved private capital’s greater patience and valuation around the asset class, the CEO of its former investment advisor told Energy-Storage.news.

We catch up with the CEO of BESS developer Harmony Energy about its strategy and plans going forward, following the sale of its affiliated Harmony Energy Income Trust (HEIT).

Statera Energy has begun operating the biggest BESS project in the UK, connected to a National Grid substation that formerly supported two coal power plants.