The government is set to remove a significant barrier to utility-scale storage sites, proposing changes to planning regulations to allow projects over 50MW to proceed without government approval.
Exports of solar PV and battery storage to GB distribution networks have seen a “exponential” increase, according to new data from ElectraLink and the Renewable Energy Association (REA).
Gresham House has raised £41.6 million through a new share placing to fund both its existing pipeline and a new pipeline of operational and new build assets, falling short of the £58 million it originally targeted.
RedT has confirmed it has agreed outline terms for a reverse takeover of fellow vanadium redox flow battery firm Avalon, a move which the firm said would create a “leading player” in the energy storage market.
Reductions in costs of solar technology, as well as co-location with increasingly cheaper storage, is set to boost solar growth in the later part of the next decade, said National Grid ESO.
Concerns over the future of energy storage firm redT remain after it admitted that, without additional investment, the vanadium flow machine manufacturer could be forced to cease trading by the end of November.
