Gresham House UK BESS revenues recover after 2023 slump and £100 million loss
Average revenues for the Gresham House Energy Storage Fund doubled from February to April this year, fund manager Gresham House said in its full year 2023 results.
Europe ‘slower and less bold’ on financial support for upstream battery material projects
Europe appears to be slower and less bold than other markets like the US when it comes to financial support for upstream battery material projects like lithium refining, a company looking to invest half a billion euros in an EU project told Energy-Storage.news.
Netherlands’ ‘non-firm’ grid connections and lower fees could double BESS deployments
New rules which will reduce grid fees in the Netherlands by providing ‘non-firm agreement’ (NFA) connections as well as time-weighted rates could improve returns and double projected BESS deployments, an analyst has said, though a project owner was less openly optimistic about it.
UK system operator reassessing ‘outdated’ Capacity Market de-rating factors for storage
UK electricity market operator National Grid ESO is reassessing how much energy storage gets paid in the Capacity Market, battery storage operators told Energy-Storage.news, with one calling the current system ‘outdated’.
InfraVia acquires Dutch/Belgian developer Giga Storage
Infrastructure investor InfraVia has bought a majority stake in Giga Storage, a Netherlands-headquartered BESS developer which is building a 2.4GWh project in Belgium.
‘Second biggest market for offshore wind’: UK hosts 43% of Europe’s capacity
The UK’s offshore wind market represents more than 40% of European offshore wind capacity, The Crown Estate has found.
Giga Storage gets go-ahead for 2.4GWh Belgium project, still choosing BESS provider
Dutch developer Giga Storage has received a permit for construction for its 600MW/2,400MWh BESS project in neighbouring Belgium and will choose the BESS technology provider after summer.
Tesvolt breaks ground on 4GWh BESS manufacturing plant in Germany
Commercial and industrial (C&I) BESS provider Tesvolt has launched construction of its latest 4GWh manufacturing plant in Germany.
BESS noise has ‘exploded as a concern’ recently
The noise of battery energy storage system (BESS) technology has “exploded” as a concern in the last six months, an executive from system integrator Wartsila ES&O said.
Rimac opens UK facility to manufacture first BESS units
The energy storage arm of EV supercar technology firm Rimac has opened its UK innovation and manufacturing facility, where it will build the first units of its SineStack BESS platform.
