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February 21, 2024

T-1 2024/25 Capacity Market Auction clears at £35/kW/year, 40% lower than previous round

The T-1 Capacity Market Auction for delivery year 2024/25 concluded yesterday (20 February) clearing at £35.79/kW/year - 40% less than the £60/kW/year cleared in the 2023/24 auction.

January 8, 2024

Allye Energy and SYNETIQ collaborate on EV battery recycling

Two British firms, Allye Energy and SYNETIQ, have partnered to establish a supply agreement for repurposed electric vehicle (EV) batteries.

December 7, 2023

Zenobē reveals £270 million investment from Mubadala

Battery energy storage and EV fleet solutions provider Zenobē has received a strategic investment from Mubadala Investment Company, the Abu Dhabi sovereign investor.

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.

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October 19, 2023

Solar & Storage Live 2023 – Final Day

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.

Xlinks will utilise wind and solar technology in Morocco to provide the UK with 3.6GW. Image: Xlinks.

October 3, 2023

Xlinks’ Morocco-UK Power Project recognised as an NSIP

The Secretary of State for Energy Security and Net Zero has deemed the Morocco-UK Power Project, headed by Xlinks, as an NSIP.

September 12, 2023

Battery storage revenues drop by 71%

LCP Delta has urged investors to consider more “sophisticated strategies” as average profits for Britain’s battery storage market see a 71% decline.

Shell invests in collaborative subsea wave power project in Orkeny, Scotland. Image: Verlume.

August 31, 2023

Positive results lead to subsea battery project extension

An initial four-month test has been completed in the UK proving a subsea battery storage system can power subsea equipment via wave power.

August 24, 2023

The Nick Winser report: Battery storage could mitigate the cost of grid infrastructure

In early August, the UK’s electricity networks commissioner, Nick Winser, released a landmark report detailing how GB could halve the time that is required to build grid infrastructure.