Government must “take the brakes off” the progress of energy storage by implementing the right policy framework without delay, according to MPs from across the political spectrum.
BP has announced plans to invest US$500 million (£358.5 million) in low carbon businesses each year as it looks to further embrace the low carbon transition.
Four projects have been awarded £42 million of government money between them to conduct research aimed at overcoming battery challenges to accelerate the growth of electric vehicles.
Keele University is to become a living laboratory for emerging low carbon and smart energy technologies in what is thought to be the largest scheme of its type in Europe and North America.
The vast majority of battery projects set to compete in the upcoming Capacity Market (CM) auctions will face significantly decreased de-rating factors after it emerged that most projects are still set to use either 30 minute or one hour duration batteries.
Energy storage provider Connected Energy has secured £3 million of investment from Macquarie Group and ENGIE to fuel its growth plans in the UK and abroad.
Fresh details have emerged surrounding Centrica’s rumoured 100MW battery after a planning application was submitted to Kilkenny County Council in Ireland through a joint venture formed in part by subsidiary Bord Gáis Energy.
VLC Energy has become the latest firm to finish its Enhanced Frequency Response (EFR) battery projects following the completion of two projects totalling 50MW.
