Britain’s T-1 Capacity Auction for delivery in the 2023-24 period saw battery energy storage technology emerge as the third-biggest winner in terms of secured contracts, following gas and nuclear. Batteries accounted for more than a half of the new build capacity. About four-fifths of the capacity procured in the auction across 269 capacity market units (CMU) was from existing power assets, the auction results showed. Battery storage projects won 74 contracts, and most of that will come from newly built … read more »
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