Cleantech company Mixergy has raised £3.6 million to continue its rollout of hot water tanks used for firm frequency response (FFR).
Flexibility providers have welcomed the firm frequency response (FFR) auction prices for January announced this week, which were again high.
Centrica is to absorb “thousands” of residential hot water tanks into its virtual power plant (VPP) to provide flexibility to the grid.
Bozhidar Bozhkov, head of Markets for Asset Optimisation at SmartestEnergy, looks at how battery storage has evolved in the past two years and what the market is like now.
Balancing markets throughout Europe are opening up to decentralised power, but there is still “significant room” for mechanisms to improve further.
The balancing and frequency markets will double in value by 2030 as the evolution of the power market creates £6 billion of investment opportunity for battery storage and other flexible and distributed generation assets.
Food wholesaler Philip Dennis Foodservice has installed energy storage units totalling over 4MW at its Barnstaple offices in an effort to generate revenue from grid services, rather than making savings from behind-the-meter activity.
Ørsted, formerly DONG Energy, has confirmed its entry into the UK battery storage market with a new 20MW project near Liverpool.
Storage developers eyeing opportunities in Ireland’s DS3 programme will be able to bid for six-year contracts providing frequency response and reserve services in September when transmission system operator EirGrid will launch a new procurement process.