Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.

Inverter supplier Sungrow and developer Constantine Energy Storage are partnering on 825MWh of BESS projects in the UK, including two with discharge durations of nearly three hours.

The UK government is looking to bring in policy specifically around long-duration energy storage (LDES) by the end of next year.

The battery storage sector is about to enter its first ever phase of large-scale augmentations of systems as they reach 3-5 year degradation points and there are questions over how this will pan out, Burns & McDonnell told Energy-Storage.news.

Powin “very close” to announcing first US factory, company working to extend its reach into new markets including the UK.  

Managing your battery energy storage system (BESS) supply chain is a complex issue with no easy fixes, according to leading developers, system integrators and investors.

DIF Capital Partners, together with ib vogt, has agreed to acquire a 100% interest in the largest UK co-located solar and battery portfolio from Cero Generation and Enso Energy.

The broader portfolio and management team are critical to securing investment for individual energy storage projects, said senior figures at asset managers Blackrock and Impax.

There is more work to be done on ensuring alignment between maximising grid-scale battery revenue and maximising system benefits, said panellists on Day 2 of the Energy Storage Summit.

The UK’s T-4 Capacity Market auction has cleared in its third round at a record high of more than double the previous record high price.