A prototype system that can test and sort used battery cells for second life applications has been developed by four companies in the UK in a government-funded initiative.

Gresham House Energy Storage Fund has seen its net asset value increase by 53.5% to £785 million (US$879 million).

London Stock Exchange-listed NESF has launched a joint venture partnership with developer Eelpower worth £200 million (US$233 million).

This edition of news in brief comes from another busy week for our colleagues covering the UK energy transition.

A 1.8MWh flow battery has been installed and energised at the European Marine Energy Centre test site in Scotland’s Orkney Isles.

Norwegian renewable energy investor Magnora and the Alberta Investment Management Corporation have moved into the UK battery storage market.

Conrad Energy has launched construction of a 6MW/12MWh battery energy storage system in Somerset, UK, after local opposition thwarted original plans for a new gas generator.

Nidec ASI, the Italy-based industrial solutions division of Japanese conglomerate Nidec Group, will provide EPC services for a 50MW battery energy storage system (BESS) project in Northern Ireland.

Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.

Another edition of our news in brief from the energy storage industry focusing on the bustling UK market.