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New data from Cornwall Insight reveals that profits for battery storage units are set to rebound by 2026. The data from Cornwall Insight’s GB Battery Revenue Forecast, shows rising wholesale prices and added price volatility, alongside renewable build out over the next few years, will lead to the rise in revenues.
NextEnergy Capital has recently announced that NextPower UK ESG has increased its total funds committed to date to £653m, exceeding its fundraising target of £500 million by 30%.
The four UK-based storage units will be integrated into existing solar parks. They will shift surplus electricity to times of low sunshine and provide additional grid services.
New analysis from Cornwall Insight and Smart Energy GB has revealed the substantial cost-saving potential of household flexible electricity initiatives such as time-of-use tariffs, smart meters, solar PV and batteries.
Gridserve has received planning permission for a new so called Electric Forecourt in Markham Vale, near the M1 motorway in Derbyshire. This is a significant location for EV charging infrastructure.
Ethical Power have been working in partnership with Hive Energy and CH1 Investment Partners through an investment vehicle called Hive Ethical UK Solar. HEUKS has now successfully completed the sale of its last two assets, the Netley North and Bullous Park solar farms to Fuse Energy.
In a recent statement, the consultancy Cornwall Insight has expressed their doubts that the market for new-build renewables will suffice to fulfil the targets set for net zero carbon emissions.
According to Cornwall Insight's 'Renewables pipeline tracker', most regions across Great Britain showed a net increase in total capacity in the pipeline between April 2020 and March 2021.
The latest figures from Cornwall Insight's Renewables Pipeline Tracker reveal the pipeline of renewable energy and storage projects across England, Scotland and Wales currently stands at 86GW.
