battery energy storage

Aerial image of the Peterhead Energy Hub in Scotland, a key renewable energy hub at the forefront of the UK energy industry.

March 1, 2024

SSE provisionally secures 5.66GW in T-4 Capacity Market Auction 2027/28

SSE has provisionally secured 5.66GW of capacity agreements during the T-4 Capacity Market Auction (CMA) for delivery year 2027/28, which closed this week.

Cruachan Dam, Scotland, an existing 440MW pumped hydro energy storage (PHES) facility, one of only four in the UK. PHES is the most commercially mature LDES technology, with a duration typically between 4 and 20 hours. Image: Drax Power.

January 24, 2024

LDES cap and floor welcomed by developers but lithium-ion exclusion questioned

We hear from UK battery storage developer-operators on the government's recently released long-duration energy storage (LDES) consultation, which has proposed a cap and floor scheme to kickstart investment.

January 11, 2024

Wind curtailment: An opportunity for battery energy storage?

In this blog, Current± takes a deep dive into wind curtailment and how this could present an opportunity for battery energy storage.

Modo’s research indicates that assets over 1.5 hours in duration earned around £3.3k/MW on average. Image: Statera.

January 9, 2024

Battery storage revenue falls to lowest since 2020 in December

Average battery energy storage revenue for the balancing mechanism fell by 16% in December 2023 according to Modo Energy, to £2.5k/MW.

December 12, 2023

20% VAT scrapped for storage

The UK government has exempted retrofitted battery energy storage systems (BESS) from its 20% VAT, from 1 February 2024.

November 21, 2023

Pod Point looks to join battery storage market

Electric vehicle (EV) chargepoint operator, Pod Point has announced its intention to expand into the battery energy storage system (BESS) market.

November 8, 2023

Battery wholesale trading revenues reach highest level since 2022 in October

Battery energy storage wholesale trading revenues rose by 45% from September to October this year, reaching their highest level since December 2022, revealed Modo Energy.

This adds to the 10GW of capacity that was unlocked for 'shovel-ready' power projects earlier this year. Image: National Grid.

November 6, 2023

National Grid to accelerate connection for 10GW of battery storage

National Grid is set to accelerate the connection of up to 10GW of battery energy storage (BESS) projects in England and Wales.

October 18, 2023

Solar & Storage Live 2023 – Day Two

Welcome to Current±‘s sister site Solar Power Portal’s day two coverage of Solar & Storage Live 2023, taking place at the NEC in Birmingham over 17-19 October.

February 27, 2023

Current± Price Watch: Wholesale prices continue to fall but capacity remains a long-term concern

Longer term market signal are the key focus of this week’s edition of Current± Price Watch – powered by Enact – taking a look at the T-4 Capacity Market results, the new default tariff price cap and incoming weather fronts.