UK BESS project premiums, valuations down as revenue expectations drop
Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.
World’s energy storage capacity forecast to exceed a terawatt-hour by 2030
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.
Siemens Energy to deploy ‘first’ synchronous condenser-BESS hybrid project in Ireland
Siemens Energy will provide the technology for a project in Ireland combining a synchronous condenser and a battery energy storage system (BESS) of 160MWh.
Northvolt and Fluence on European manufacturing: ‘Level playing field’ and ‘right signals’ needed
Energy storage system (ESS) executives from Northvolt and Fluence discussed the battery and battery storage manufacturing ecosystem in Europe in separate interviews whilst at the Energy Storage Summit Central Eastern Europe (CEE) recently.
‘Joint-biggest BESS in Europe’ brought online by UK investor Harmony Energy Income Trust
UK battery storage investor Harmony Energy Income Trust (HEIT) has energised two grid-scale battery energy storage system (BESS) assets, including one of the same size as its flagship ‘largest BESS project in Europe’.
Harmony Energy Income Trust energises ‘joint-biggest BESS in Europe’
Harmony Energy Income Trust has energised two grid-scale BESS assets, including one of the same size as flagship ‘largest project in Europe’.
‘Extremely attractive revenues’ for BESS in Nordics as SENS and Ilmatar progress Sweden projects
Battery energy storage systems (BESS) in the Nordics are seeing “extremely attractive revenues”, Finland-based optimiser Capalo AI said, as developers SENS and Ilmatar announced 70MW of projects in Sweden.
BayWa r.e. gets approval for 3-hour UK BESS
Renewable energy developer BayWa r.e. has got the green light to develop and build a 3-hour duration battery energy storage system (BESS) in the UK, set to come online in 2026.
BayWa r.e. given greenlight for 171MWh three-hour BESS
Renewable energy developer BayWa r.e. has been granted planning permission to develop a three-hour duration 171MWh battery energy storage system (BESS) in England.
‘First’ synchronous condenser-BESS hybrid project to be deployed in Ireland
Siemens Energy is set to deploy the “first” synchronous condenser and a battery energy storage system (BESS) with a capacity of 160MWh for a hybrid project in Ireland.
