Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.
The first awards of funding designed to “turbocharge” UK projects developing long-duration energy storage technologies have been made by the country’s government, with £6.7 million (US$9.11 million) pledged.
Optimisation deals have been announced for battery storage systems in the UK for Habitat Energy and Centrica with developers Eelpower and Arlington Energy respectively.
Trina Storage has completed the supply of its first UK battery energy storage system (BESS), the 50MW/56.2MWh fully integrated grid-scale battery energy storage system owned by SMS plc
UK clean energy and transport solutions developer Zenobē Energy has established a multi-source debt structure of £241 million (US$326 million) to fund capital investment into e-buses and charging infrastructure.
Investors are now becoming more comfortable with battery storage in the UK, with projects being profitable and cost-effective, according to industry experts.
Two battery energy storage system (BESS) projects in the county of Yorkshire, northern England, have been acquired by Catalyst Capital, a European real estate investor, and Israel-headquartered renewable energy independent power producer (IPP) Econergy Renewable Energy.
France-headquartered renewable power producer Voltalia brought online a 32MW / 32MWh battery energy storage system (BESS) project in southern England in December, the company’s second UK battery project.
