Glassenbury, one of Gresham House’s UK battery storage projects. Image: Gresham House.
Gresham House, a stock exchange-listed investor in battery storage in the UK and Ireland, has said the majority of its development pipeline projects could have at least two hour durations of storage when built.
At least two projects, due for completion later in 2022 and 2023, are expected to be built to two hour durations as the trading opportunity for two hour duration sites becomes at least as profitable as for shorter duration sites, the company said.
It added that the opportunity is becoming more compelling as the frequency response market, which only requires sub-one hour duration projects, is now becoming saturated.
The company has offered a trading update for the full year to 31 December outlining how full year revenues of the asset portfolio are ahead of modelled…