modo

Anesco Battery Storage Units

Battery storage unit dispatch rate sees increase of 47%

March 18, 2024
In the eight weeks following the bulk dispatch relaunch, energy consultant Modo Energy published data confirming a 47% increase in weekly battery storage dispatched volume.
Aerial view of HEIT's 99MW/198MWh Bumpers project in Surrey. Image: Harmony Energy Income Trust.

HEIT revenues ‘markedly lower’ due to ‘weak revenue environment for BESS’

February 2, 2024
Harmony Energy Income Trust (HEIT) signaled that BESS revenues for the year ended 31 October 2023 were markedly lower year-on-year.
This new capacity represents a 13% increase on the previous quarter. Image: Aura Power.

Q4 2023 sees largest quarterly increase in battery energy storage

January 15, 2024
Energy research consultancy Modo Energy has confirmed that Q4 2023 saw 420MW of new battery energy storage capacity become commercially operational.
Modo’s research indicates that assets over 1.5 hours in duration earned around £3.3k/MW on average. Image: Statera.

Modo: Battery storage revenues falls by 16% in December

January 11, 2024
According to Modo Energy, average battery energy storage revenue for the balancing mechanism fell by 16% in December 2023 to £2.5k/MW.
GettyImages-154974489_darker_cropped

Battery storage revenues increase by 22% to £4.8k/MW

November 8, 2023
Battery energy storage revenues rose by 22% from September to October to £4.8k/MW, Modo Energy has revealed.
GettyImages-628119492

Battery storage revenues increase by 53% in a month

August 22, 2023
Modo Energy’s monthly Revenue Benchmark has found that battery energy storage revenues increased by 53% between June to July.

Email Newsletter

Most Read

Public inquiry launched for rejected Boom Power solar farm

IRENA: Renewables capacity up, but pace of change too slow

UK prioritises grid and storage as deployment threatens global energy transition targets

Gresham House Energy Storage Fund revenues up as balancing mechanism improves

Cubico Sustainable Investments signs Tesla deal for 95MWh BESS project in Dorset

Upcoming Events

Solar Finance & Investment Europe 2025

4 February 2025
London, UK

Energy Storage Summit 2025

17 February 2025
London, UK

PV CellTech Europe 2025

11 March 2025
Frankfurt, Germany

Large Scale Solar USA 2025

29 April 2025
Dallas, Texas

Electrical Energy Storage 2025

7 May 2025
Munich, Germany
Solar Power Portal is part of the Informa Markets Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Copyright © 2025. All rights reserved. Informa Markets, a trading division of Informa PLC.

You are now subscribed!

Thank you for subscribing to the email newsletter. You can opt-out at any time.