Following the 71% decline in average profits for Britain’s battery storage market, a new report by LCP Delta has urged investors to consider more “sophisticated strategies” to increase revenue.
Battery storage company Varco Energy has partnered with GE Vernova to deliver a transmission-connected 57MW/138MWh battery energy storage system (BESS) south of Liverpool.
Battery energy storage fund Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.
GridBeyond has confirmed it will move forward with its strategy to bring distributed energy storage assets together as one resource to access to National Grid Electricity System Operator’s (ESO) suite of dynamic services.
System integrator Fluence is set to support Statkraft, a Norwegian state-owned power producer, in delivering a 50MW transmission system-connected battery energy storage system (BESS) in the UK.