Battery storage awarded 655MW in T-1 2024/25 Capacity Market Auction clearing at £35/kW/year
BESS were awarded 655.16MW in the T-1 Capacity Market Auction for delivery year 2024/25 which cleared yesterday (20 February) at £35.79/kW/year.
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.
Greece: Second round winners in BESS auction revealed
The successful participants in the second round of Greece’s auction for financial support of large-scale BESS have been revealed.
TRIG acquires battery storage developer Fig Power
The Renewables Infrastructure Group (TRIG), a green investment firm, has acquired battery storage developer Fig Power.
RWE starts construction on Netherlands BESS
Multinational utility and IPP RWE has started building its first battery energy storage system (BESS) project in the Netherlands.
European Union adopts Net Zero Industry Act to support clean energy manufacturing sector
The European Parliament and European Council have agreed regulations to support strategic net zero technologies.
Arenko and SMS sign ten-year partnership for BESS portfolio
Arenko and Smart Metering Systems (SMS) have extended their partnership with a ten-year deal to provide trading software for SMS’ growing battery portfolio.
Electricity Supply Board opens Ireland’s largest battery storage facility at Dublin energy hub
The Republic of Ireland’s environment minister Eamon Ryan was on hand last week as a 75MW/150MWh battery energy storage system (BESS) was officially inaugurated.
Utility Helen launching 40MW BESS in Finland
Finnish utility Helen is launching a 40MW battery energy storage system (BESS) project in Nurmijärvi, southern Finland, for 2025 commercial operation.
Lightsource BP switches on first battery project from ‘multiple-gigawatt global pipeline’ in UK
Solar developer Lightsource BP has energised its first BESS project, in the UK – the first of its global multi-gigawatt pipeline.
