UK market’s shifting dynamics see listed fund Gore Street’s shareholders take key vote while CIP and BW ESS progress 4-hour duration battery storage assets at significant scale.
BESS operators should be planning their projects against different locational price and charging regimes of the future rather than solely against the current revenue opportunities.
UK energy industry regulator Ofgem said it is minded to approve the introduction of a financial commitment for BESS in an attempt to reduce the oversupply of the projects awaiting a grid connection.
This edition of news in brief brings you BESS news from the UK market featuring Field, Eelpower and EDF, as reported by our colleagues at Solar Power Portal.
The UK government has launched a new grant funding programme for energy storage technologies that can provide inter-day and seasonal energy shifting applications.