Switzerland-headquartered power firm Alpiq will acquire a 90% stake in UK-based BESS developer-operator Harmony Energy.

Field and Pulse Clean Energy have each advanced UK battery storage projects this week, with a combined capacity of over 1.3GWh.

A roundup of recent large-scale BESS activity in the UK, with IPPs ContourGlobal, Zenobē and Revera buying or taking FID on three separate projects totalling 3.6GWh of capacity.

A lot of work and thought still needs to go into maximising the potential for co-location of solar and BESS technology, panellists at the Clean Power 2030 Summit said yesterday (30 June).

UK energy regulator Ofgem has shortlisted 16 projects for the first ever long-duration energy storage (LDES) cap-and-floor scheme, totalling 7.6GW of capacity ranging from 8- to 22-hour durations.

NatPower and Tesla have signed a multi-year supply and execution agreement covering more than 25GWh of BESS across Italy and the UK.

FlexGen and Eos Energy Enterprises, two US energy storage sector companies with different specialisations, have entered the European market.

What is driving and shaping European BESS project financing and M&A this year?

After a quiet period, M&A in the UK’s large-scale BESS market has picked up with transactions from CIP, Fidra Energy, Elements Green, Gresham House and Eelpower in the past fortnight.

Managers of the UK’s largest BESS owner-operator Gresham House Energy Storage Fund (GRID) discussed recent investment news and future strategy this week.