Renewable energy giant Masdar has acquired UK-based battery energy storage system (BESS) developer Arlington Energy in a bid to expand its presence in the UK and European renewable energy markets.
Balance Power and TagEnergy are set to capitalise on the growing interest surrounding energy storage with the firms having partnered to build, own and operate 500MW of battery energy storage system (BESS) projects across the UK.
Ireland’s national planning body An Bord Pleanàla has approved a £122 million (€140 million) proposed battery storage facility set to be developed by Strategic Power Projects at Dunnstown, County Kildare.
Gresham House Energy Storage Fund (GRID) has seen its net asset value (NAV) increase by 53.5% to £785 million, the firm disclosed in its half year results ending 30 June 2022.