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.

Zenobē Energy has started construction of a 300MW/600MWh battery energy storage project in Blackhillock, Scotland.

UK-listed Gore Street Energy Storage Fund has acquired its first asset in California, a 200MW/400MWh battery energy storage system project from developer Avantus.

Battery storage projects totalling 627MW were awarded contracts in the UK’s 2023-24 Capacity Market auction which concluded yesterday (14 February), nearly a two-thirds jump on last year’s.

A battery storage system in the UK has begun delivery of reactive power services, claimed as a world first contract of its kind.

Energy Networks Association has called on UK government to update energy security strategy to include energy storage by the end of 2023.

CIP and Amberside Energy have partnered to develop a 2GW portfolio of solar and battery storage projects across the UK.

Some organisations consulted for a UK government study believe that the safety of second life EV batteries in residential energy storage “can never be guaranteed” while others believe an enabling framework is possible.