Cameron Murray

Octopus Energy has signed a two-year fixed-price tolling agreement with Gresham House Energy Storage Fund for 500MW of its battery assets, bringing the utility’s virtual power plant (VPP) portfolio to over 1.5GW.

Cumberland Council has granted planning permission for a 200MW/400MWh BESS project from developers Recurrent Energy and Windel Energy which, unless a new grid connection date is agreed, won’t start construction until 2029.

Revenues for the Gresham House Energy Storage Fund have started to recover in 2024 after falls in 2023, fund manager Gresham House said.

The energy storage arm of EV supercar technology firm Rimac has opened its UK innovation and manufacturing facility, where it will build the first units of its SineStack BESS platform.

Masdar Arlington Energy and RPC progress their UK-based battery energy storage system (BESS) pipelines totalling 112MW.

A 100MW BESS projected developed and recently sold by Pacific Green has gone online at a National Grid substation in Kent.

Gore Street Energy Storage Fund’s international assets generated 2.6 times more revenue than their British counterparts as NAV per share fell by 2.3%, according to results from the first half of the company’s financial year.

The government has outlined how it will facilitate the growth of a domestic battery supply chain with its ‘UK Battery Strategy’ paper.

Statera Energy has secured up to £300 million of debt financing from Lloyds Bank for a 300MW/600MWh battery energy storage system (BESS

SSE Renewables has commenced construction of a 320MW/640MWh BESS, which could be the largest under-construction in the country.