Steady price falls the past few years have made lithium-ion BESS a real contender for long-duration energy storage (LDES), and that is now reflected in global project pipelines.

Activity in the UK battery energy storage system (BESS) market continues to grow substantially year-on-year despite numerous headwinds, as detailed in this H1 recap from our Market Research colleagues.

RM Funds has proposed a meeting of it and other Gore Street Energy Storage Fund (GSF) investors to discuss changes to the board following ‘sustained underperformance’, it said.

UK BESS owner Gresham House Energy Storage Fund (GRID) has entered into long-term floor agreements with Statkraft and Markel Bermuda, which will partially replace its toll with Octopus once that expires next year.

A pinch under 6GWh of grid-scale BESS was approved for construction in the UK last month, bringing the total with planning consent to nearly 130GWh.

Battery storage developers and owner-operators Eku, Alcemi, Field and Energy Optimisation Solutions (EOS) make UK project progress with finance and planning approvals.

7.15GW of renewables and energy storage projects have been granted access rights to connect to Australia’s first REZ in Central-West Orana.

The pipeline of grid-scale BESS projects with planning approval in the UK has now reached 58,270MW/121,645MWh in capacity.

UK power generation firm Drax will not bid its Cruachan II pumped hydro energy storage (PHES) project into the LDES cap and floor scheme, saying that costs have risen while ‘recoverability of capital’ is unclear.

Copenhagen Infrastructure Partners (CIP) will divest a 50% ownership stake in its 500MW Coalburn 1 BESS to alternative investor AXA IM Alts.