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Gresham House records boost in profits despite 'one of the most challenging years'

Undersupply of Britain’s BESS capacity helps Gresham House increase profits

Published: 11 Apr 2023, 12:56 Despite the revenue increase in 2022, GRID noted that it is yet to experience potential cost decreases – in relation to insurance for example – as forecast. Image: GRID. Delays in the growth of Britain’s battery energy storage system (BESS) sector helped boost Gresham House Energy Storage Fund’s (GRID) portfolio […]

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Penso Power granted planning permission for 250MWh Bramley battery storage development

Penso Power granted planning permission for 250MWh Bramley battery storage development

Published: 4 Apr 2023, 16:43 The project is part of a pipeline of large-scale battery storage projects in the UK funded by BW Energy Storage Systems. Image: BW ESS. UK battery storage developer Penso Power has won planning permission on appeal for a 100MW/250MWh battery storage project in Bramley, Hampshire.  The project is part of

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Vodafone integrates on-site solar at UK MTX network site for first time

Vodafone integrates on-site solar at UK MTX network site for first time

Solar has been installed to provide green energy to a site in Gloucester. Image: Vodafone. Telecommunications company Vodafone has installed its first on-site solar panels at a mobile telephone exchange (MTX) network site in Gloucester. The site, which houses technology used to route phone calls and data to and from mobile devices, will use electricity

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Schroders acquires 75% of Greencoat for £358m

Greencoat UK Solar and Innova partnership aims to deliver 5GW renewables pipeline

Greencoat UK Solar and Innova partnership aims to deliver 5GW renewables pipeline. Image: Greencoat UK A new partnership has been agreed between Schroders Greencoat LLP and Innova Renewables to develop solar and battery storage projects in the UK.  The two companies have jointly established ISG Renewables, a platform which aims to finance and develop 5GW

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Octopus Renewables and Zestec set their sights on £100m solar portfolio in new partnership

Octopus Energy signs first Japanese solar deal as it seeks to conquer Asian renewables markets

An image of the Octopus logo on its company office. Image: Octopus Energy. Octopus Energy has signed its first solar contract in Japan with Yotsuya Capital, as it continues to invest in the Japanese energy market.  The company said the contract was an “initial seven figure investment, which was made on behalf of the Sky

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NTR deploys two battery storage systems in Ireland

NTR deploys two battery storage systems in Ireland

Published: 4 Apr 2023, 13:45 NTR says that the BESS systems respond in 150 milliseconds to balance the grid by discharging electricity. Image: Michal Osmenda (Wikimedia). Sustainable infrastructure investor, NTR, has announced the deployment of two battery energy storage systems in Co. Wexford, Ireland. The 9MW BESS situated in Gorey entered the Delivering a Secure,

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'Powering Up Britain': new measures to double UK’s solar portfolio

‘Powering Up Britain’: new measures to double UK’s solar portfolio

Published: 31 Mar 2023, 14:17 The paper announced the creation of a new solar installation task force. Image: Pixabay. The UK Government’s revised energy security strategy titled Powering Up Britain, published on ‘Green Day’ (30 March) has committed to a number of measures that it predicts will double the UK’s solar portfolio by 2050. Referencing

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Cambridge Power to develop 800MW of UK battery storage with Brookfield Renewable

Low Carbon eyes 600MW solar NSIP project in Lincolnshire

Low Carbon eyes 600MW solar NSIP project in Lincolnshire. Image: Pxhere. Renewable energy company Low Carbon has announced plans to develop a 600MW energy park in North Kesteven, Lincolnshire, which includes solar and energy storage. The proposed Beacon Fen Energy Park would include the construction of infrastructure in order to export electricity from the park

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UK Infrastructure Bank partners with Centrica to invest up to £265 million in energy storage

UK Infrastructure Bank partners with Centrica to invest up to £265 million in energy storage

A Centrica customer with his residential battery energy storage asset. Image: Centrica. The UK Infrastructure Bank plans to invest up to £265 million in energy storage development in partnership with British Gas owner Centrica Plc. In a statement, Centrica said: “The Bank will invest £75 million on a match funding basis into the Gresham House

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