UK investment management firm Gresham House has confirmed it is to launch a fresh fund raising drive as it sets its sights on a new, 182MW pipeline of battery storage projects.
Topics previously off-limits due to commercial sensitivity or just a lack of experience from the field, were explored in depth at this year’s Energy Storage Summit in London.
Long duration flow battery manufacturer CellCube will bring its large-scale vanadium redox flow systems to the UK, with the country’s Capacity Market firmly in its sights, according to Immersa, which the Canadian energy storage company has signed up to partner with.
National Grid has outlined how renewables could participate in the UK’s Capacity Market, unveiling technology-specific de-rating factors that range from 1–15%.
The UK government is seeking the “most rapid and effective path” towards a potential re-opening of the Capacity Market (CM), but has failed to determine the consequences if a negative decision is forthcoming.
There has been a substantial drop in the levels of new battery capacity being entered into consideration for the UK’s Capacity Market (CM) mechanism, according to the prequalification results of the next auctions.
The future of the Capacity Market has been plunged into doubt after the European Court of Justice annulled the European Commission’s decision not to object to the scheme.
Arlington Energy, a clean energy investment group, has announced plans to build out a 1GW portfolio of energy storage and gas peaker projects across the UK after securing initial funding of £200 million (US$255 million) from an offshore fund of institutional investment.
The UK’s transmission system operator National Grid’s redesigned Capacity Market targets around 50GW of reserves up to 2023 and could be an early step towards longer duration energy storage batteries.
