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UK ROUNDUP: Market reaches 1GW, RedT-Avalon merger completes, Flexibility contracts launched

redT: Won’t be using that branding anymore, with the merged entity with Avalon Battery known as Invinity Energy Systems. Image: redT.

2 April 2020: UK market reaches 1GW with new applications queuing up

“The latest release of the UK Battery Storage Project database report reveals that nearly 300MW of utility scale battery storage was deployed in 2019, bringing cumulative installations to over 900MW at the end of last year,” analyst Lauren Cook writes in an exclusive blog published last week on our sister site Solar Power Portal.

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Lauren, who is an analyst with our in-house Solar Media Market Research team, said “the total pipeline of battery storage projects in the UK has now reached over 13.5GW and is made up of a diverse range of projects, including co-location with renewables, stand-alone and behind-the-meter.”

Tracking the market since 2016, initially the market looked like it would be primarily driven by frequency response services and capacity auctions by transmission system operator National Grid. Now, however, with revenues from these services “falling off,” Britain’s energy storage market is seeing projects diversifying their revenue streams to include different forms of energy trading services in addition to those National Grid contracts. 

Read the full blog here.

2 April 2020: redT and Avalon Battery complete merger to form Invinity

More a Transatlantic news story than strictly-UK focused one this, as Alice Grundy reports on Solar Power Portal that Britain-headquartered vanadium redox flow battery company redT has officially rebranded to Invinity Energy Systems, following its merger with US-based Avalon Battery.

The change has now been approved by shareholders. RedT revealed that its Open Offer ahead of the merge raised just £155,231 (US$192,342) of a possible £6.3 million. The Open Offer – which was announced on 16 March and closed on 31 March – had a maximum of 380,500,174 Open Offer shares at £0.0165p per share.

Read the full story at Solar Power Portal.

7 April 2020: Standardised contract for flexibility services launched by T&D industry body

A standardised contract for the procurement of flexibility has been launched in the UK, via a national industry body funded by transmission and distribution licence holders.

Launched by the Energy Networks Association (ENA), as part of its wider Open Networks Project, it is an important step forward as it aligns network companies and standardises key processes and procedures, the ENA said.

The contract is being offered by all of Great Britain’s DNOs, and is designed to provide a consistent agreement across the country for those wishing to provide flexibility services to the networks.

The common agreement is to be available for all providers of flexibility services in the pre-tender stage through the ENA and directly through the network operators.

Read the full story over at Current±.

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