Battery energy storage Capex in Great Britain has fallen by 30% since 2022.
Revenues have shifted from frequency response to wholesale trading and the Balancing Mechanism.
Battery performance is increasingly linked to wind generation, with high-wind days driving record negative prices and greater revenue opportunities.

Subscribers to Modo Energy’s Research will also find out:

Why battery revenues are becoming more location-dependent, with assets in Scotland and Southeast England outperforming the ME BESS GB Index.
How cycling rates and optimization strategies are widening revenue differences between assets.
What record negative prices in Australia signal for the future of battery storage markets globally.

To get full access to Modo Energy’s Research, book a call with a member of the team today.

Introduction

Solar & Storage Live 2024 took place between September 24th and 26th at the NEC in Birmingham. On day two, Modo’s GB Markets Lead Wendel discussed the current key trends for battery energy storage in Great Britain. This article summarizes that presentation.

1. Battery energy storage capex is falling, a lot

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BESS in Great Britain: Ten key trends in 2024

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