British group energy storage project bidding

How many GW of prequalified battery energy storage systems are there?

Out of 6.9 GW of prequalified battery energy storage systems (BESS), equal to 1.9 GW derated capacity, about 1.8 GW of derated BESS secured 15-year contracts in the UK’s T-4 auction – nearly double last year’s volume. Just a week earlier, the T-1 auction also set a record for BESS procurement. From ESS News

Will foresight make a GBP 191 million offer for Harmony Energy Income Trust?

London-based renewables investment manager Foresight group plc has indicated an intent to make a GBP 191 million ($248 million) offer for English BESS developer Harmony Energy Income Trust plc. Foresight yesterday announced it had received the backing of the Harmony board for a potential offer of GBP 0.84 per share for Harmony’s stock.

How many batteries will Britain need by 2030?

The National Energy System Operator (NESO) has made clear the need for batteries moving forwards, with their forecasts requiring four to five times the capacity Britain currently has by 2030.