‘UK project size sweet spot somewhere between 200-500MW’
The implications of larger projects, revenue streams of projects, and grid connection issues were discussed on a panel at the ESS EU event in London.
T-1 2024/25 Capacity Market Auction clears at £35/kW/year, 40% lower than previous round
The T-1 Capacity Market Auction for delivery year 2024/25 concluded yesterday (20 February) clearing at £35.79/kW/year – 40% less than the £60/kW/year cleared in the 2023/24 auction.
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.
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 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.
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.
Battery storage awarded 655MW in T-1 2024/25 Capacity Market Auction clearing at £35/kW/year
BESS were awarded 655.16MW in the T-1 Capacity Market Auction for delivery year 2024/25 which cleared yesterday (20 February) at £35.79/kW/year.
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.
TRIG acquires battery storage developer Fig Power
The Renewables Infrastructure Group (TRIG), a green investment firm, has acquired battery storage developer Fig Power.
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.
