Energy storage facility, UK. Image by Harmony Energy. Battery energy storage projects totalling 627.4 MW have secured contracts in the UK’s 2023-24 Capacity Market auction, representing an increase of more than 60% compared to the previous round, the National Grid Electricity System Operator (NGESO) announced last week.
Image: Harmony Energy. Battery storage projects totalling 627MW were awarded contracts in the UK’s 2023-24 Capacity Market auction which concluded yesterday (14 February), nearly a two-thirds jump on last year’s.
According to provisional auction results released by NGESO, almost half of the winning battery projects propose one-hour duration systems, while about 40% are for two-hour facilities. The list of winning schemes includes Zenobe, Gresham House, Harmony Energy, Pivot Power and SUSI Storage, among others.
Of the 6,124.249MW of capacity that entered the auction, 94.42% was awarded an agreement. Battery storage was awarded 10.9% of the total with 627MW of projects winning out of a total 1GW of projects that qualify. A total of 74 battery storage CMUs won contracts.
Gore Street’s Lower Road battery energy storage system (BESS). Image: Gore Street. The UK’s T-4 Capacity Market auction has cleared in its third round at a record high of £63 (US$75.9)/kW/year, more than double the previous record high price.
Overall, the technology accounted for 10.9% of the total awarded capacity, with 74 battery storage cell management units (CMUs) receiving contracts. According to provisional auction results released by NGESO, almost half of the winning battery projects propose one-hour duration systems, while about 40% are for two-hour facilities.
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Battery energy storage projects totalling 627.4 MW have secured contracts in the UK''s 2023-24 Capacity Market auction, representing an increase of more than 60% …
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