Gore Street Energy Storage Fund, a publicly listed energy storage investment funds in the UK, is entering its portfolio into the Dynamic Containment grid services market while it has 100MW of projects in Northern Ireland nearing completion.
The battery storage market in the UK has become a viable investment opportunity in just the past few months, even without the backing of long-term contracts for grid services, according to an investment manager in the renewable energy sector.
Energy market mechanisms must evolve in order to support long-duration energy storage, with the existing frameworks having “significant problems” incentivising those technologies, a panel of experts has concluded.
National Grid ESO, the electricity system operator tasked with keeping the lights on in the UK, is looking to enable multiple application stacking for providers of a new frequency response service that also participate in the national Balancing Mechanism.
Following a dramatic start to the year, Energy-Storage.news takes a look at what is driving price volatility in Britain and what battery energy storage could do about it.
London Stock Exchange-listed investor Gresham House Energy Storage Fund has raised £120 million (US$159.86 million) to finance six new energy storage projects.
Developer Fotowatio Renewable Ventures (FRV) has unveiled the second utility-scale battery project in its “strategic plan to develop energy storage projects globally”.
The greatest value aggregrators putting batteries and other assets in the UK’s electricity markets offer to their customers today is in providing access to the Balancing Mechanism (BM), through which the electricity system operator National Grid ESO matches supply and demand in real-time.
As part of an optimisation deal with Open Energi and Erova Energy, battery storage owner and operator Zenobe Energy is set to enter a new battery into the UK’s Balancing Mechanism (BM).
