This year will see a shift in focus in the US market beyond the two leading states of California (CAISO) and Texas (ERCOT), BESS owner-operator Zenobē says.

Some 2.5GW of BESS projects in the UK have won contracts across the T-1 and T-4 capacity markets (CM), announced in a week which also saw project financings worth a combined c.£1 billion, including from Zenobē, Constantine and Quinbrook.

The UK now has nearly 9GWh of grid-scale BESS online, with more than double that figure under construction.

Energy Storage Award 2024 winner, Semih Oztreves, head of network infrastructure at  BESS developer-investor Zenobē Energy, takes part in our annual Q&A series.

While there is much more variety in the BESS supply landscape today, there are relatively few suppliers able to offer products for ‘grid-forming, enduring infrastructure assets’, developer and operator Dais Energy’s CEO said.

Battery energy storage system (BESS) and EV solutions firm Zenobē Energy has started construction on a 300MW/600MWh project in Scotland, after securing project financing.

Confirming reports made earlier this week, UK battery storage developer Zenobē Energy has secured c.£600 million from investment firm KKR.

US-listed private equity firm KKR is to acquire joint control of UK battery storage developer Zenobē in partnership with existing investor Infracapital, according to reports.

The UK’s battery energy storage market will grow to 24GW by the end of the decade and account for almost 9% of all global capacity installations, energy research firm Rystad Energy said.

Zenobē has begun construction on three battery storage projects in Scotland which will total £750 million (US$892 million) of investment.