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.
The European Federation of Energy Traders (EFET) has called for the creation of a time limited emergency liquidity support system, to ensure the continued function of the wholesale energy markets amid continued volatility.
Irish energy trading and services firm ElectroRoute is to optimise two battery storage projects on behalf of European renewable investment firm NTR.
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.
Investors are now becoming more comfortable with battery storage, with projects being profitable and cost-effective, according to industry experts.
Two SSEN projects, TRANSITION and Project LEO, have successfully run a live trial of flexibility trading on a new Neutral Market Facilitator platform.
A data centre in Manchester has become the first in the UK to install a hydrogen-ready fuel cell.
Energy tech platform Zeigo has been acquired by Schneider Electric, expanding its portfolio of digital renewable energy and resource management solutions.