US power and energy infrastructure developer, investor and operator LS Power has bought up GI Energy, a provider of clean energy solutions for commercial and industrial (C&I) customers with projects spanning the east and west coasts.
Since its IPO in November 2018, Gresham House Energy Storage Fund, a utility-scale battery storage investment fund listed on the London Stock Exchange has seen its total share price return of 27.3% significantly outperform the 7.9% returns across the FTSE All Share weighted index.
Participation in the UK’s recently-launched Dynamic Containment (DC) frequency response service has exceeded 400MW of assets with the enrolment of investment fund Gore Street Capital’s 9MW Port of Tilbury battery storage project by optimiser Origami Energy.
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.
UK battery asset operator and optmiser Habitat Energy has become the second such company to put battery energy storage into the Balancing Mechanism, the means by which the country’s tranmissionoperator manages the supply and demand of electricity on a half-hourly basis.
Algorithms for the control and optimisation of assets including batteries can be an energy trader’s best friend – nearly all of the time. Aaron Lally, managing partner at UK-based clean tech trading house, VEST Energy, explains why it’s good to know when to switch from automation to human-controlled trading.
The UKs largest council-owned battery storage site, the 30MW Fideoak Mill site, is now fully operational and able to participate in delivering multiple revenue-generating services.
Industry voices in the UK have said that electricity market activity during the COVID-19 pandemic shows that the network will become prohibitively expensive and possibly unmanageable without the further rapid deployment of energy storage.
The UK government has confirmed changes to the Capacity Market which are designed to remove barriers for demand side response (DSR) and energy storage, making it easier for clean technologies to compete in auctions.
Battery software company Arenko has teamed up with National Grid ESO to provide upward and downward reserve flexibility in a “first of its kind trial”.
