What is thought to be Europe’s biggest battery energy storage system has begun operating near Hull. The site, said to be able to store enough electricity to power 300,000 homes for two hours, went online at Pillswood, Cottingham, on Monday. Its launch was brought forward four months as the UK faces possible energy shortages this […]
Asset manager BlackRock has acquired US battery energy storage developer Jupiter Power from EnCap Investments. The largest asset management firm in the world, with around US$10 trillion under management, has agreed to buy Jupiter through its BlackRock Alternatives arm. The selling parties are EnCap’s EnCap Energy Transition Fund I (EETF I) and co-investors Yorktown Partners […]
The UK will have 50GW-plus of energy storage installed by 2050 in a best case scenario attainment of net zero, according to grid operator National Grid’s Future Energy Scenarios report. The report’s broader conclusions around the energy sector were covered in detail by Energy-Storage.news’ sister site Current yesterday. It is published by the National Grid ESO (electricity system operator) each […]
There is growing consensus from European Union policymakers and regulators that energy storage is vital to securing affordable and low carbon energy, but the technologies still face market challenges. As a relatively new and complex technology with a wide variety of different use cases open to it, battery-based energy storage isn’t yet being made the […]