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News & Views on Renewable Energy Generation and Storage
May 21, 2023

Octopus and Masdar agreement to support £1bn investment in UK battery storage

Octopus Energy has signed a framework agreement with Masdar to use Octopus’ technology platform Kraken to flexibly manage the clean energy developer’s UK battery storage portfolio. The agreement – signed by Mohamed Jameel Al Ramahi, CEO of Masdar and Greg Jackson, Founder and CEO of Octopus at the UAE Climate Tech Forum – follows Masdar’s […]

May 14, 2023

Largest UK battery energy storage facility comes online

The $15.7m facility will use Tesla lithium-ion batteries and double TagEnergy’s storage capacity. TagEnergy and Harmony Energy have completed construction on the UK’s largest battery storage facility with a capacity of 99MWh. The $38m (£30m) development has a throughput of 49.5MW and lies near Luton, in the southeast of the UK. International bank Santander UK […]

May 7, 2023

UK battery energy storage market to grow to 24GW by 2030, says Rystad Energy

The UK’s battery energy storage market will grow to 24GW by the end of the decade and account for almost 9% of all global capacity installations, energy research firm Rystad Energy said. Utility-scale battery systems could also present an opportunity investment in the battery storage space with Rystad having said it could “attract investment of […]

April 30, 2023

Megawatt Mosaic Ltd launches Institutional Investor offer for €50M for investment into SPV

Megawatt Mosaic has launched institutional offer to expand BESS development capabilities. Institutional investors will join existing co-operatives of Institutional Investors, Family Offices, Venture Capitalists and UHNW Investors on the same terms. To download our promotional document please click here: PROJECT IMPETUS – DOWNLOAD Introducer commissions are available to Introductions that lead to investment: Please contact […]

April 23, 2023

Europe deployed 1.9GW of battery storage in 2022, 3.7GW expected in 2023 – LCP Delta

Some 1.9GW of grid-scale battery energy storage was deployed across Europe last year, of which nearly 85% was in UK, Ireland, Germany and France according to research firm and consultancy LCP Delta. The company said 170 grid battery storage projects came online last year totalling 1.9GW, a record-breaking year. It is forecasting 3.7GW to come […]

April 8, 2023

Megawatt Mosaic Ltd: Financed in Q4 2022 & Q1 2023 – Quarterly Development Update

Dear All, Below we provide our quarterly update for Megawatt Mosaic (“MM”) up to 31st March 2023. Headlines Megawatt Mosaic has partnered with two leading developers to deploy 1.0 GWn (GigaWatt Nominal) of Battery Energy Storage System (BESS) by the end of 2023. We have increased the scale of the business: 777 MWn (6 projects) […]

April 8, 2023

Global energy storage market to experience 23% CAGR until 2030 – BNEF

The global energy storage capacity has been on the increase as a total of 16GW was added last year, equivalent to a 68% of year-on-year growth, according to BloombergNEF (BNEF). BNEF’s Energy Storage Market Outlook series unveiled that 2022 was the global energy storage’s record addition. However, the growth is expected to continue in the […]

February 3, 2023

Megawatt Mosaic Secures Helen Passfield, Gets Ready to Deploy and Receives Construction Finance Offer

Megawatt Mosaic (MM) has now signed an Employment Contract with Helen Passfield (BA CIMA) for the role of Managing Director. Cedric Berard moves to Chairman, Isabel Prat (LLM Commerical Law, Master in Legal Practice) joins as Director. Here, Helen talks about her experience in renewables dating back to 2010, with some of the most prestigious […]

January 29, 2023

TagEnergy closes financing on fourth battery storage facility

UK energy company TagEnergy said it closed financing on its fourth battery storage facility, the 49.9MW/100MWh Roaring Hill development in Fife, Scotland. Construction will commence and the facility is expected to begin operating in Q1 2024. Energy company RES will be as asset manager, said TagEnergy. It acquired Roaring Hill from RES in September 2021. The facility […]

January 21, 2023

Megawatt Mosaic Ltd. 350ppm Investment round – Short Version

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