Up to £35 billion private investment needed per year in the energy system, says Nick Winser
In his opening keynote at the Energy Storage Summit 2024, Nick Winser referenced the need to scale private investment in infrastructure.
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.
BESS wins highest percentage among clean energy technologies in UK Capacity Market auction
Battery energy storage systems (BESS) were awarded 655.16MW in the UK’s T-1 Capacity Market Auction for delivery year 2024/25, which cleared yesterday (20 February) after eight rounds at £35.79 (US$45.17)/kW/year.
UK: Renewable co-location business models still not proven
The panel – Where are the Commercial Opportunities for Co-Location? – was almost full to capacity on the afternoon of the first day of the Summit.
TRIG acquires battery storage developer Fig Power
The Renewables Infrastructure Group (TRIG), a green investment firm, has acquired battery storage developer Fig Power.
Greece: Second round winners in BESS auction revealed
The successful participants in the second round of Greece’s auction for financial support of large-scale BESS have been revealed.
Arenko and SMS sign ten-year partnership for BESS portfolio
Arenko and Smart Metering Systems (SMS) have extended their partnership with a ten-year deal to provide trading software for SMS’ growing battery portfolio.
European Union adopts Net Zero Industry Act to support clean energy manufacturing sector
The European Parliament and European Council have agreed regulations to support strategic net zero technologies.
RWE starts construction on Netherlands BESS
Multinational utility and IPP RWE has started building its first battery energy storage system (BESS) project in the Netherlands.
Electricity Supply Board opens Ireland’s largest battery storage facility at Dublin energy hub
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.
