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.
Statkraft has announced a new milestone, as its third-party distributed flexible generation and storage portfolio exceeds 1.2GW of installed capacity.
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.