EDF secures planning permission for three grid-scale BESS projects

EDF secures planning permission for three grid-scale BESS projects

Published: 15 Sep 2023, 09:28 The three projects will total 221MW in capacity. Image: EDF Renewables UK. Green energy company EDF Renewables UK has secured planning permission for three grid-scale battery energy storage systems (BESS) in recent weeks, with a total capacity of 221MW.. The three new grid-scale lithium-ion battery storage facilities will be located […]

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Co-locating energy assets could provide ‘significant cost savings’

‘Sophisticated strategies’ required as battery storage revenues drop by 71%

Allocating the majority of battery storage volume into frequency response markets will no longer achieve the high returns historically enjoyed, stated LCP Delta. Image: Getty. Following a 71% decline in average profits for Britain’s battery storage market, a new report by LCP Delta has urged investors to consider more “sophisticated strategies” to increase revenue. According

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A computer generated image of EDF

EDF Renewables secures planning approval for Essex battery storage project

Published: 8 Sep 2023, 15:59 A computer generated image of EDF’s proposed Braintree BESS. Image: EDF Renewables. EDF Renewables UK has won planning permission for a new grid-scale battery energy storage system (BESS) in Braintree, Essex.   The BESS will have an output of 57MW and is expected to begin construction in early 2024, becoming operational

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Gresham House reveals 802MW pipeline as profits soar in 'milestone' year

Gresham House releases H1 2023 results amid financial strain for BESS operators

Published: 8 Sep 2023, 16:39 Glassenbury BESS. Image: Gresham House Battery energy storage fund Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value. In 2022, the company’s earnings before tax (EBITDA) was £48.8 million, “a like-for-like increase of 23.2%”, while the

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GridBeyond aggregates behind-the-meter energy storage to access dynamic services

GridBeyond aggregates behind-the-meter energy storage to access dynamic services

Published: 7 Sep 2023, 11:52 According to GridBeyond, its strategy aims to “prove that behind-the-meter distributed storage can be an asset to the system while delivering significant value for our customers.” Image: Getty. GridBeyond has confirmed it will move forward with its strategy to bring distributed energy storage assets together as one resource to access

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