Energy trading firm Danske Commodities is to contribute to grid flexibility across Europe and America, having signed a five-year deal with Octopus Energy Group’s KrakenFlex.
Battery storage participation in the Balancing Mechanism has “increased massively” while a hybrid approach to trading that sees assets dipping in and out of Dynamic Containment is becoming more common.
National Grid ESO outlines plans to support UK energy security in light of Russian invasion of Ukraine
“This is the time for action,” National Grid ESO's executive director Fintan Slye has said, unveiling new measures to support the UK's energy system through the energy crisis.
Capacity Market set to 'come into play' for battery storage asset owners as investment in long-duration increases
Investors are increasingly turning attention to the Balancing Mechanism and Capacity Market for future long-duration battery storage revenue streams, with new research from LCP suggesting batteries can play a larger role in both.
Deploying large quantities of long duration electricity storage (LDES) could reduce system costs and reliance on gas, but greater policy support is needed to enable this, Aurora Energy Research has found.
Centrica Business Solutions has agreed a 10-year contract for the optimisation of three battery storage plants totaling 89MW, each with a one hour duration.
A colder than normal Q1 2021 and low wind generation in the summer across Europe exacerbated Britain's energy crisis, according to energy market data analyst EnAppSys.
Voltalia’s 32MW/32MWh Hallen battery energy storage system (BESS) has been commissioned, releasing first power into the grid in December.
Ofgem has stated it is ready to use its powers to change market rules if necessary in light of balancing costs doubling between September and November.