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Pacific Green Technologies is to finance the construction of its 99.8MW battery energy storage system with £23 million of debt financing.

Gresham House Energy Storage Fund has seen the EBITDA generated by its portfolio soar to £22.4 million in the first half of this year, jumping from £4.5 million in H1 2020.

Anesco’s new 50MW battery storage site has been given the green light by Brentwood Borough Council, with the project to be another example of how batteries are benefiting the grid and offering returns for investors, the company has said.

Work has started at a battery storage site lauded as the largest of its kind under construction in the UK by developers Harmony Energy and Fotowatio Renewable Ventures (FRV).

RES has won a tender to provide O&M services for China Huaneng Group’s Minety battery storage project, which began trading last month.

Pivot Power is to develop 100MW/200MWh of battery storage split across two sites in partnership with Wärtsilä.

Gresham House Energy Storage Fund (GRID) has raised £100 million to construct an additional 240MW of storage projects.

A 99.9MW energy storage project in development by RES has secured planning permission, with the asset set to be operational in late 2023.

A 5MW/7.45MWh battery storage project near Milton Keynes – Thrive Renewables’ first – has this month entered into construction.

Foresight Solar Fund and JLEN have each acquired a 50% equity stake in Sandridge Battery Storage Limited, which holds the development rights to the 50MW lithium-ion Sandridge Battery Storage project.