Cambridge Power secures planning permission for 50MW BESS project in Essex
Cambridge Power has confirmed it has received planning permission for a 50MW battery energy storage system (BESS) situated in Essex.
Cambridge Power has confirmed it has received planning permission for a 50MW battery energy storage system (BESS) situated in Essex.
RheEnergise, developer of long-duration hydro-energy storage, has appointed ex-Centrica executive Sophie Orme as commercial director.
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.
Gresham House Energy Storage Fund has seen its net asset value increase by 53.5% to £785 million (US$879 million).
Liam Stoker and Andy Colthorpe return for the February 2022 episode of the Solar Media Podcast.
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.
Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.
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.
The EStor-Lux battery site in south Belgium fully launched commercial activity in December and has successfully participated in grid frequency auctions.
Optimisation deals have been announced for battery storage systems in the UK for Habitat Energy and Centrica with developers Eelpower and Arlington Energy respectively.