Equinor completes final investment decision for first UK battery asset
Equinor has approved the final investment decision of its first battery energy storage asset in the UK.
Storage
Fotowatio Renewable Ventures in new £1 billion UK battery storage partnership
Fotowatio Renewable Ventures (FRV) and Tyler Hill Partners have created a platform to develop, build and operate up to 1GW/2GWh of battery energy storage system projects in the UK.
Balance Power given green light to develop 50MW Wolverhampton West battery storage project
Balance Power is set to develop a 50MW battery energy storage project in Wolverhampton West following a successful planning appeal.
Harmony Energy to fund pipeline of BESS via C Shares placing
Harmony Energy will fund its pipeline of two-hour duration battery energy storage systems (BESS) projects via placing new C Shares.
Gresham House Energy Storage Fund sees NAV increase by 53.5%
Gresham House Energy Storage Fund (GRID) has seen its net asset value (NAV) increase by 53.5% to £785 million, the firm disclosed in its half year results ending 30 June 2022.
Bluefield Solar listed in FTSE 250 index
Bluefield Solar has been promoted to the London Stock Exchange’s FTSE 250 index.
National Grid ESO to fast track new solar and storage projects as part of new connection management
National Grid ESO is aiming to tackle connection management via a newly announced initiative, a potentially vital measure for future solar and storage projects.
Luminous Energy hires CIO to help company build, own and operate solar and battery storage projects
Luminous Energy has confirmed it has hired Guy Lavarack as chief investment officer (CIO).
EDF Renewables launches community consultation for 100MW hybrid wind-solar-battery project in Wales
EDF Renewables has confirmed it has launched the first phase of community consultation for a renewable project near Neath Port Talbot with an anticipated capacity of 100MW.
_245_153_80_s_c1.jpg)
Present energy prices are ‘unsustainably high’, warns Foresight Solar Fund
Power prices are continuing to boost solar asset value, with Foresight Solar Fund reporting its net asset value (NAV) per share, EBITDA and consolidated revenues jumping over the first six months of 2022, but the fund said prices are unsustainably high currently.
‘Support measures do not incentivise energy storage,’ says REA
“Current energy support systems are centred around power generation. If you are a power generation company on these support mechanisms, why would you think about doing energy storage?” said Mark Sommerfield, director of policy at REA.
NextEnergy Solar signs £200 million energy storage joint venture with Eelpower
NextEnergy Solar Fund (NESF) has reiterated its commitment to expanding energy storage and solar capacity with the launch of a joint venture partnership (JVP2) with Eelpower worth £200 million.
TRIG to develop a combined capacity of 250MW BESS in Northern England
The Renewables Infrastructure Group (TRIG) is set to purchase development rights for 250MW of battery energy storage system (BESS) across three projects.
Conrad Energy gains planning permission for 50MW Somerset site
Conrad Energy has gained planning permission for a 50MW two-hour battery energy storage system in North Petherton, Somerset.
RES granted planning permission for 99.9MW BESS project
Renewable energy firm RES has been granted permission to begin development of a 99.9MW battery energy storage system (BESS) project in Durham.
Bluestone submits application for three 69MW BESS projects at Scottish Water sites
Bluestone Energy has submitted three 69MW battery energy storage system (BESS) project proposals for Scottish Water sites in Renfrewshire.