Battery storage portfolio investor Gresham House Energy Storage Fund has acquired 55MW of UK projects in the past few weeks and completed a 10MW extension to an existing project.
UK energy storage firm AceOn has joined a call to reverse changes to Value Added Tax (VAT) rates applicable to energy storage systems that came into effect in the country in 2019.
The battery storage optimisation and energy trading teams at EDF and Centrica Business Solutions – stalwarts of the UK’s Big Six of utility companies – have won 40MW of new deals to optimise large-scale battery storage systems.
A new market for providing ancillary services to the UK’s grid has been highlighted as more valuable in its first seven weeks of operation than any other frequency response service run by the network operator, National Grid ESO.
UK energy storage solutions provider Zenobe Energy is targeting an additional 500MWh of storage and 1,000 electric buses following a £150 million (US$198.94 million) investment the infrastructure equity investment arm of investment manager M&G.
Find out what’s been going on in the UK energy storage market over the past three years, presented by not-for-profit clean energy expert group Regen at the Virtual Energy Storage Summit which took place online in late September.
Planning law in the UK allowing energy storage projects over 50MW has officially changed, allowing much bigger projects to come online without going through the national planning process.
Developer Fotowatio Renewable Ventures (FRV) has unveiled the second utility-scale battery project in its “strategic plan to develop energy storage projects globally”.
