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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]