Energy storage secures 2.7GW boost, as capacity market auction beats expectations

Michael Holder
clock • 6 min read

Gas power stations won the largest share of the 54GW of deals awarded, as auction clears at a lower than expected £6.95 per KW per year

Energy storage projects are to deliver 2.7GW of back-up power to the grid having secured contracts in the latest capacity market auction for next winter. With contracts provisionally awarded by National...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Infrastructure

Government to fast-track delivery of UK's first two new reservoirs in 30 years

Government to fast-track delivery of UK's first two new reservoirs in 30 years

Proposed new reservoirs in Lincolnshire and East Anglia declared 'Nationally Significant Infrastructure Projects', in a move from Defra to try and speed up the planning approval process

clock 28 May 2025 • 3 min read
Mine water scheme provides heat to Welsh industrial site

Mine water scheme provides heat to Welsh industrial site

Untapped heat from Welsh mine water treatment scheme to provide low-carbon heat for neighbouring business

Stuart Stone
clock 28 May 2025 • 4 min read
Plans unveiled for £170m building insulation factory in North Wales

Plans unveiled for £170m building insulation factory in North Wales

Government welcomes plans from Knauf Insulation for factory capable of producing more than 100,000 tonnes of rock mineral wool insulation each year

Michael Holder
clock 20 May 2025 • 2 min read