RheEnergise appoints ex-Centrica executive as commercial director
RheEnergise, developer of long-duration hydro-energy storage, has appointed ex-Centrica executive Sophie Orme as commercial director.
Balance Power, TagEnergy partner to develop and manage 500MW of BESS
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.
UK’s Gresham House Energy Storage Fund reports 53.5% net asset value increase in half-year financials
Gresham House Energy Storage Fund has seen its net asset value increase by 53.5% to £785 million (US$879 million).
SUSI Partners eyes solar-plus-storage opportunities in Italy
Swiss fund manager SUSI Partners is exploring PV-plus-storage investment opportunities, building on a string of announcements in recent months that have seen it bolster its utility-scale solar position in markets such as Poland and Italy.
Diverse energy storage market segments, tech and applications will drive growth to accelerate decarbonisation
Standalone storage, demand from commercial and industrial (C&I) customers and new types of grid services will increasingly help drive growth in energy storage in the coming years, but the future mix between battery-based and alternative storage types is still unclear.
Energy storage an increasingly accepted asset class, but European market regulation a hurdle
Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.
UK government awards funding to longer-duration energy storage tech projects
The first awards of funding designed to “turbocharge” UK projects developing long-duration energy storage technologies have been made by the country’s government, with £6.7 million (US$9.11 million) pledged.
Centrica-optimised Estor-Lux BESS in Belgium participating in frequency regulation market since December
The EStor-Lux battery site in south Belgium fully launched commercial activity in December and has successfully participated in grid frequency auctions.
Habitat Energy, Centrica sign 189MW of UK battery storage optimisation deals
Optimisation deals have been announced for battery storage systems in the UK for Habitat Energy and Centrica with developers Eelpower and Arlington Energy respectively.
UK’s Pulse Clean Energy aims at 1GW+ BESS opportunities after Investment Management Corporation of Ontario takeover
Following last year’s acquisition, independent power plant developer Green Frog Power has rebranded as Pulse Clean Energy and unveiled a target of 1GW+ of energy storage assets in the UK.
