UK BESS owners ready to ride out low revenue period, handle increasing complexity of market
Battery storage systems are “perhaps the most complex energy asset to optimise” from a market perspective, but the UK industry is handling those challenges.
Battery storage systems are “perhaps the most complex energy asset to optimise” from a market perspective, but the UK industry is handling those challenges.
In his opening keynote at the Energy Storage Summit 2024, Nick Winser referenced the need to scale private investment in infrastructure.
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.
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.
The successful participants in the second round of Greece’s auction for financial support of large-scale BESS have been revealed.
The Renewables Infrastructure Group (TRIG), a green investment firm, has acquired battery storage developer Fig Power.
The Republic of Ireland’s environment minister Eamon Ryan was on hand last week as a 75MW/150MWh battery energy storage system (BESS) was officially inaugurated.
Multinational utility and IPP RWE has started building its first battery energy storage system (BESS) project in the Netherlands.
The European Parliament and European Council have agreed regulations to support strategic net zero technologies.
Arenko and Smart Metering Systems (SMS) have extended their partnership with a ten-year deal to provide trading software for SMS’ growing battery portfolio.