Megawatt Mosaic Records 1st Year Revenue...
January 10, 2024
Blog - Megawatt Mosaic
News & Views on Renewable Energy Generation and Storage
January 10, 2024
Megawatt Mosaic Records 1st Year Revenue of €86,596.25
Megawatt Mosaic Ltd is a joint venture between 350 PPM, its team as individuals and the team from an existing and successful Solar and BESS (Battery Energy Storage Systems) pre-construction developer. I say successful, as our partners had a track record of the sale of 17 pre-construction development projects in the three years before they […]
August 19, 2023
Italy needs 71GWh of new grid-scale storage by 2030, says grid operator Terna – Energy Storage News
A total of 71GWh of new grid-scale energy storage needs to be deployed in Italy by 2030 for it to decarbonise its energy system in line with the EU targets. Transmission system operator (TSO) Terna released its ‘Study on Reference Technologies for Electricity Storage’ report last week (10 August), one of the requirements under a recent […]
August 6, 2023
Field gets £200 million investment from DIF Capital Partners
Battery energy storage system (BESS) developer Field has received a £200 million investment from DIF Capital Partners. Field will use the funds provided by the infrastructure equity fund manager to support the development of its 4.5GWh pipeline of grid-scale BESS projects across the UK and Western Europe. In the UK, Field has a number of […]
July 22, 2023
Macquarie-backed Eku Energy and NHOA to build 130MWh BESS projects for 2024 COD in UK
Developer Eku Energy, backed by global investor Macquarie, and system integrator NHOA will start building two battery energy storage system (BESS) projects totalling 130MWh. Eku announced it had placed an order with Italy-headquartered NHOA, which provides EV infrastructure and BESS solutions, for the projects in Essex and Buckinghamshire today (20 July). Construction on the sites […]
July 16, 2023
Residential battery installations grew 83% in Europe in 2022
Europe saw an 83% increase in residential battery installations in 2022, according to research firm LCP-Delta. The firm said that 1.8 million homes installed a home PV system while 455,000 homes installed a residential battery storage system too over the course of the year. The majority of the batteries were sold with the PV system, […]
July 9, 2023
Cambridge Power has secured planning permission for a 50MW BESS in Newcastle upon Tyne
Cambridge Power has secured planning permission for a 50MW battery energy storage system (BESS) in Newcastle upon Tyne, north-east England. The currently derelict site in Lemington will see “distinct improvements” provided as part of the scheme put forward by the developer. These enhancements will provide heritage and biodiversity benefits. Cambridge Power has committed to repairs […]
July 1, 2023
Fife Council approves Renewable Connections’ 42MW battery energy storage system
Solar and battery storage developer Renewable Connections has been given the greenlight to develop a 42MW battery energy storage system (BESS) in Dunfermline, Fife. With Fife Council’s Planning Committee having approved the associated cable route and infrastructure on 7 June, the UK-based firm now has the oportunity to progress the project to the next steps. […]
June 18, 2023
Global BESS deployments to exceed 400GWh annually by 2030, says Rystad Energy
Annual battery energy storage system (BESS) installations will grow by 10x between 2022 and 2030, according to research firm Rystad Energy. Rystad expects annual BESS deployments to grow by an average CAGR of 33% between 2022 and 2030, across all market segments including residential, commercial and grid-scale. From 43GWh of deployments last year, the firm […]
June 10, 2023
‘Europe’s biggest BESS’ netted nearly US$3 million revenues in Q1 2023
Europe’s biggest battery storage system in megawatt-hour (MWh) terms earned £2.3 million (US$2.85 million) revenues during its first full quarter in commercial operation. UK-based investment fund Harmony Energy Income Trust said recently that its Pillswood Battery Energy Storage System (Pillswood BESS) in northern England was one of the best-performing battery storage assets in Britain in […]
May 23, 2023
Megawatt Mosaic has analysed 744 Italian substations
MM will move into profitability this year in its first year of trading. Along with our partners, Megawatt Mosaic has analysed 744 Italian substations. As of 1 April 2023, we have 1.37GWn in grid capacity request, of which 882MWn is grid authorised. MM is now diversifying into other markets, to bring BESS (Battery Energy Storage […]
Italy needs 71GWh of new grid-scale...
August 19, 2023
Field gets £200 million investment from...
August 6, 2023