Gresham House Energy Storage Fund (GRID) expects full year operational portfolio revenues of about £42 million, as December saw better dispatch rates of batteries in the balancing mechanism (BM).
A roundup from a very busy fortnight of UK BESS news, with major project announcements from Field, Cero Generation, Fidra Energy, Sungrow, Green Nation and Low Carbon, as well as ESB and SSE news items from neighbouring Ireland.
BESS owner-operator BW ESS and developer ACL Energy have expanded their development pipeline in Italy to 2.9GW.
Avadis Investment Foundation is buying a BESS project in Switzerland which could be the country’s largest when it is scheduled to come online in 2027.
The government of Cyprus has confirmed financial support will be made available for renewable energy projects paired with energy storage.
Steag subsidiary Iqony and Fluence will deploy a 50MW/200MWh BESS project in Germany, part of which will be contracted under a PPA with train network operator Deutsche Bahn.
Highview Power has revealed its second planned long-duration energy storage (LDES) project using its liquid air energy storage (LAES) technology, in Scotland, UK.
UB Renewable Energy Fund (AIF) has acquired a 30MW/60MWh BESS project in Finland on which it will start construction in Spring 2025.
Minister of the Environment and Energy Security Gilberto Pichetto has signed a decree allowing Italy to proceed with its energy storage capacity market auction, known as MACSE, in the first half of 2025.
A roundup of news from Europe, with Alfen and Sermatec deploying BESS projects in Sweden and Bulgaria and new firm terralyr raising €77 million for project development and operation, starting in Germany.
