The T-4 Capacity Market auction has cleared in its 12th round today, with a price between £20 - £15/kW/year.
The T-1 Capacity Market (CM) auction has cleared at a record high price of £45/kW/year on day one.
Liam Stoker reflects on yesterday’s news that EDF is now more likely to be late and cost up to £2.9 billion more than previously thought, and draws parallels with another hugely costly project that’s now months late in the delivery.
Western Power Distribution has signed a “pioneering” demand side management deal with battery storage developer Anesco.
EDF Energy has collaborated with tech firm Upside Energy and renewables asset holder Anesco to introduce the energy sector’s first guaranteed floor price for battery storage.
Shell New Energies has entered the UK’s utility-scale battery storage market, partnering with developer Anesco for a project in Norfolk.
The balancing and frequency markets will double in value by 2030 as the evolution of the power market creates £6 billion of investment opportunity for battery storage and other flexible and distributed generation assets.
Food wholesaler Philip Dennis Foodservice has installed energy storage units totalling over 4MW at its Barnstaple offices in an effort to generate revenue from grid services, rather than making savings from behind-the-meter activity.
Battery assets have been used in the Balancing Mechanism for the first time via a virtual power plant, marking the start of a new era in energy storage revenues in the UK.