UK: Trading drives revenue growth for battery storage in October
Wholesale trading revenues for UK battery storage systems grew 45% month-on-month in October, accounting for half of revenue growth.
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Wholesale trading revenues for UK battery storage systems grew 45% month-on-month in October, accounting for half of revenue growth.
Concern has been raised by the industry about battery storage being overlooked in the UK Balancing Mechanism, with H1 revenues down.
Firm Frequency Response prices in the UK have hit their lowest level since 2019 as the market saturation begins to take effect, said Modo.
Despite macroeconomic challenges, Gore Street’s asset value surged 45% over six months as ancillary service revenues stayed strong.
Despite macroeconomic challenges, Gore Street’s asset value surged 45% over the six months from 31 March 2022, as ancillary service revenues stayed strong.