Developer Pulse Clean Energy has secured a three-year £175 million (US$215 million) credit facility with a number of banks to go towards its pipeline of battery storage projects in the UK.
UK-based utility Octopus Energy will optimise UK battery storage projects for UAE-based Masdar, which has committed to investing £1 billion (US$1.25 million) in the country’s grid-scale market.
Wärtsilä has signed a repeat order with EDF Renewables UK to deliver a 57MW/114MWh grid-scale energy storage system in Bramford, a village in the east of England.
Firm Frequency Response (FFR) auction prices in the UK have hit their lowest level since 2019 as market saturation begins to take effect, market analytics platform Modo Energy said.
Quinbrook Infrastructure Partners has started construction on Cleve Hill Solar Park, the largest solar and energy storage project in the UK, it claimed.
