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.
At the Renewable Energy Revenues Summit 2024, a panel praised National Grid ESO’s role in facilitating the market and suggested that third-party optimisation may not be commoditising as some had anticipated.
Harmony Energy Income Trust (HEIT) has cancelled its first quarter dividend and appointed JLL to sell some or all of its BESS portfolio, partly to demonstrate that the fund is undervalued by the markets.
Atlantic Green has signed an almost £200 million deal with Ameresco, who will build a new 300MW battery energy storage system (BESS) alongside Envision Energy.
International diversification helped the Fund, which trades on the London Stock Exchange under the GSF ticker, maintain average revenues across its portfolio.
