UK’s largest battery storage fund (energy division at Gresham House) has warned that investment in the sector is at risk because the way the country’s electricity system is run means the storage technology is not used widely enough. on.ft.com/49ucBCl
2. Lower volatility in UK wholesale market affected battery developers’ revenues, while their earnings from providing other services to ESO have fallen. Battery storage revenues had fallen to about £50,000 per MW by end of 2023, down from £150,000 per MW in 2022.
@JMGlachant That is what happens when policy expectations deviate from reality.
@JMGlachant I noticed yesterday that, despite huge excess of renewables, most of the battery storage facilities were sat idle with the spot price negative all day from roughly 2am. This makes no sense to me whatsoever. @NationalGridESO any reasons?
@JMGlachant Absolutely true. We will know at lunch time how much storage was used at 1300 hrs today. 😉
@JMGlachant Investors always ask money yet the market is made from more technologies. TSO chooses wisely the best offer between all technologies
@JMGlachant Man has batteries for sale. Journalist writes column.
@JMGlachant Le gaz peut il perdre la bataille des appels marginaux ? Ca serait la fin de la bascule....