Italy-headquartered energy storage solutions provider NHOA Energy grew revenues 33% in 2023 despite a 20% industry-wide drop in prices, it said in its full-year results.

BESS route-to-market (RTM) and optimisation firms in the UK are increasingly looking at a wider variety of contracting mechanisms beyond the revenue-share or ‘merchant’ model, developer-operator Eku Energy told Energy-Storage.news.

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.

Battery energy storage system (BESS) integrator Powin will provide developer-operator Pulse Clean Energy with 50MW/110MWh of its Stack750 energy storage system for a UK project.

Global energy storage developer Eku Energy has started constructing two UK battery energy storage systems (BESS), totalling 130MWh of capacity.

Energy storage executives from global assurance and risk management provider DNV analyse the UK government’s proposal to kickstart investment into long-duration energy storage (LDES).

EDF Renewables UK has entered into an optimisation agreement with investors DIF and ib vogt to optimise a co-located solar and storage project in the UK.

Another roundup of news in brief from the UK’s busy energy storage market with project and financial news from Copenhagen Infrastructure Partners, Gore Street Energy Storage Fund, and a tax break for home batteries.

UK energy storage fund manager Harmony Energy has said revenues in 2023 were significantly lower than 2022, postponing its dividend, after peer Gresham House said the same thing earlier in the week.

Optimising co-located BESS is “much more complicated” than standalone and few companies can do it well, panellists on Day 2 of Solar Finance & Investment Europe (SFIE) said.