battery energy storage

March 27, 2024

UK to get European-style ‘solar subscription’

Norwegian-based solar marketplace Otovo has launched its solar subscription product in the UK, aiming to ‘democratise access to solar’.

March 1, 2024

Net Zero by Current±: The role of energy storage in net zero

In this episode, Net Zero by Current± is joined by Andy Colthorpe, editor of Energy-Storage.news to discuss the role of energy storage in net zero.

Aerial image of the Peterhead Energy Hub in Scotland, a key renewable energy hub at the forefront of the UK energy industry.

March 1, 2024

SSE provisionally secures 5.66GW in T-4 Capacity Market Auction 2027/28

SSE has provisionally secured 5.66GW of capacity agreements during the T-4 Capacity Market Auction (CMA) for delivery year 2027/28, which closed this week.

Cruachan Dam, Scotland, an existing 440MW pumped hydro energy storage (PHES) facility, one of only four in the UK. PHES is the most commercially mature LDES technology, with a duration typically between 4 and 20 hours. Image: Drax Power.

January 24, 2024

LDES cap and floor welcomed by developers but lithium-ion exclusion questioned

We hear from UK battery storage developer-operators on the government's recently released long-duration energy storage (LDES) consultation, which has proposed a cap and floor scheme to kickstart investment.

January 11, 2024

Wind curtailment: An opportunity for battery energy storage?

In this blog, Current± takes a deep dive into wind curtailment and how this could present an opportunity for battery energy storage.

Modo’s research indicates that assets over 1.5 hours in duration earned around £3.3k/MW on average. Image: Statera.

January 9, 2024

Battery storage revenue falls to lowest since 2020 in December

Average battery energy storage revenue for the balancing mechanism fell by 16% in December 2023 according to Modo Energy, to £2.5k/MW.

December 12, 2023

20% VAT scrapped for storage

The UK government has exempted retrofitted battery energy storage systems (BESS) from its 20% VAT, from 1 February 2024.

November 21, 2023

Pod Point looks to join battery storage market

Electric vehicle (EV) chargepoint operator, Pod Point has announced its intention to expand into the battery energy storage system (BESS) market.

November 8, 2023

Battery wholesale trading revenues reach highest level since 2022 in October

Battery energy storage wholesale trading revenues rose by 45% from September to October this year, reaching their highest level since December 2022, revealed Modo Energy.