Construction work has commenced on a 49.9MW/99.8MWh Pitkevy facility in Fife after global clean energy enterprise TagEnergy reached financial close on the facility, its sixth battery energy storage system (BESS) project in the UK. The project was financed under a non-recourse green loan package
Bluefield Solar Income Fund has acquired two 40MW battery energy storage system (BESS) projects for £4.5 million as it continues to look to diversify its portfolio.
Although huge amounts of capital are being deployed into storage, some investors speaking at the Energy Storage Summit 2022 made it clear that the investment model is still set to evolve hugely.