Andy Colthorpe

Gresham House Energy Storage Fund has stated that the UK market is suffering from a “weak revenue environment” due to assets not being able to participate in balancing the GB grid or replacing gas-fired generation to their fullest capability.

Government has launched its consultation on its proposals for kickstarting investment into long-duration energy storage (LDES), which includes a cap-and-floor mechanism and excluding lithium-ion from being eligible.

ABB and Gravitricity have signed an agreement to explore how ABB can utilise its expertise with hoisting equipment for gravity storage.

Harmony Energy Income Trust has energised two grid-scale BESS assets, including one of the same size as flagship ‘largest project in Europe’.

Quinbrook Infrastructure Partners has raised £620 million for a UK-focused renewables fund, with solar, storage and flexibility assets a key focus.

Public consultation has opened on a large-scale solar PV project in Buckinghamshire which is at the early stages of development, by co-owners EDF Renewables UK and PS Renewables.

Vertically integrated PV company Canadian Solar will supply 550MWh of battery storage equipment for developer Pulse Clean Energy’s UK projects.

NextEnergy Solar Fund has acquired a “strategic portfolio” of battery storage development projects located in a grid-congested area in the East of England.

Gore Street Energy Storage Fund has acquired a 200MW battery storage project in development by Kona Energy.

A competitive funding initiative launched by the government to support battery research and development will make £211 million available over the next three years.