Despite macroeconomic challenges, Gore Street’s asset value surged 45% over the six months from 31 March 2022, as ancillary service revenues stayed strong.
Two UK battery energy storage systems (BESS) under development by Japanese engineering firm Nippon Koei’s Netherlands-based subsidiary have reached financial close.
Gore Street Energy Storage Fund saw its NAV increase 192% in the year ending March 2021, as its portfolio continued to expand to 440MW.
JLEN has acquired 100% of an equity stake in Gigabox South Road Limited (GSRL), a company which holds the development rights to construct the 50MW West Gourdie project.
Gresham House Energy Storage Fund (GRID) has conditionally agreed to acquire a c.30MW battery project known as Byers Brae.
Gresham House Energy Storage Fund (GRID) has completed the acquisition of the 50MW Wickham battery project for £32.75 million.
Lauren Cook, analyst at Solar Media Market Research, explores the detail behind the data in the UK's battery storage market, as new applications continue to swell.
‘Hybrid’ solar plus storage developments should become a key new area of interest for investors according to Anesco after the company’s subsidy-free solar project was used in the Balancing Mechanism (BM) for the first time last week.
Renewables developer Anesco has set its sights on bringing up to 380MW of battery storage to market by 2020.
National Grid has confirmed its intent to trial distributed energy generators including solar PV as sources of frequency response next year.