Energy Storage News•3 days ago
Drax buys 260MW of in-development UK BESS projects
Key Takeaway
This acquisition by a major generator underscores the increasing strategic importance and market value of BESS projects for grid flexibility and revenue diversification in the UK.
AI Summary
- •UK power generator Drax is acquiring three in-development Battery Energy Storage System (BESS) projects totaling 260MW from developer Apatura.
- •This acquisition highlights robust M&A activity and strong demand for BESS projects, offering potential exit opportunities for developers in the UK market.
- •The move by a major generator into significant BESS capacity signals an increasing focus on grid flexibility and ancillary services, which can impact grid stability and future energy pricing for large power consumers.
Topics
storagem&afinancingcapacity-market