Europe: Rising battery storage markets playing catch-up to the UK’s lead
Germany and Spain are among the energy storage markets of Europe that clients are most keen to learn more about, according to Wood Mackenzie analyst Anna Darmani.
UK batteries, pumped hydro get 2.9GW of T-4 Capacity Market contracts at record price
The UK electricity system operator’s T-4 Capacity Market Auction (CMA) for delivery year 2027/28 cleared earlier this week (27 February) after two rounds at an “all-time high” clearing price of £65 (US$82.23)/kW/year.
The reasons why investors are busy buying BESS developers in the UK and Germany
We hear from industry sources about why we’ve seen a flurry of investors acquiring energy storage developer-operators in the UK and Germany, Europe’s two largest markets by BESS deployments.
‘Battery developers were biggest winners’ in UK’s T-1 Capacity Market auction last week
Last week’s T-1 Capacity Market auction in the UK cleared at a slightly higher price than expected, and battery storage developers that successfully took part were the auction’s “big winners,” according to one analyst.
Rimac Energy on entering ESS market with SineStack: ‘the Rimac of performance, but not of price’
Rimac Energy is deploying its first pilot projects after announcing its entry into the energy storage system (ESS) market one year ago, and we caught up with its head of business development while at the Energy Storage Summit EU in London.
Sungrow’s Europe ESS director on deployments, pricing and technology: ‘pricing becoming more important’
We caught up with James Li, European energy storage director of inverter and BESS provider Sungrow, at the Energy Storage Summit EU 2024.
‘UK project size sweet spot somewhere between 200-500MW’
The implications of larger projects, revenue streams of projects, and grid connection issues were discussed on a panel at the ESS EU event in London.
Trina Storage launches new BESS solution at Energy Storage Summit EU
Trina Storage, the energy storage arm of major solar PV company Trina Solar, launched its new battery storage solution Elementa 2, to the global market at this year’s Energy Storage Summit EU.
T-1 2024/25 Capacity Market Auction clears at £35/kW/year, 40% lower than previous round
The T-1 Capacity Market Auction for delivery year 2024/25 concluded yesterday (20 February) clearing at £35.79/kW/year – 40% less than the £60/kW/year cleared in the 2023/24 auction.
Battery storage awarded 655MW in T-1 2024/25 Capacity Market Auction clearing at £35/kW/year
BESS were awarded 655.16MW in the T-1 Capacity Market Auction for delivery year 2024/25 which cleared yesterday (20 February) at £35.79/kW/year.
