Despite macroeconomic challenges, Gore Street’s asset value surged 45% over six months as ancillary service revenues stayed strong.

RWE has unveiled plans for an up to 600MW solar development on land in in northern England.

Residential battery storage capacity in Europe is set to reach 9.3GWh by the end of the year, according to SolarPower Europe.

Wärtsilä Energy has signed additional contract with EDF Renewables UK for 50MW/100MWh lithium-ion energy storage facility in England.

Energy crisis resulted in high ancillary services revenues for battery storage, with some assets earning four times more than expected.

Zenobē has begun construction on three battery storage projects in Scotland which will total £750 million (US$892 million) of investment.

Recently-formed developer Innovo Group is targeting a 1.5GW/9GWh lithium-ion BESS development portfolio in Italy and UK, with the first system in central Italy online in Q1 2024.

Gigafactory firms Northvolt and Britishvolt have commented on news reports that economic conditions are negatively affecting their plans, in statements provided to Energy-Storage.news.

News of major project acquisitions in another busy week for the UK battery storage market.

Masdar has acquired battery storage developer Arlington Energy in a bid to expand its presence in UK and European renewables markets.