Modo Energy has secured £3.2 million in its pre-Series A funding round as it looks to expand its Asset Success Platform across Europe and broaden its British offering.
The optimal revenue mix for battery energy storage is made up predominantly of grid balancing services, Gore Street Energy Storage Fund has said as it reiterates its commitment to one hour systems.
Software provider Arenko is now optimising Vattenfall’s 22MW/16MWh battery, co-located at the 228MW Pen y Cymoedd Wind Farm in South Wales.
Battery energy storage company Field has hired the former CTO of Royal Mail to optimise the deployment of its growing energy storage portfolio.
Statkraft has announced a new milestone, as its third-party distributed flexible generation and storage portfolio exceeds 1.2GW of installed capacity.
Gresham House Energy Storage Fund (GRID) has secured over £108 million in revenues through the T-1 and T-4 Capacity Market auctions.
The T-4 Capacity Market auction has cleared at a record high of £30.59/kW/year, due largely to the decommissioning of old assets and higher capacity needs.
Eelpower and Habitat Energy have signed a three-year battery optimisation agreement for two battery storage assets.
Lithium-ion battery developer Aceleron has been granted £927,426 in government funding to help develop its Project BATLAB.