sse energy storage investment

SSE Renewables'' first battery storage project now fully operational

SSE''s first battery energy storage system (BESS) project at Salisbury in Wiltshire, England is now fully operational. The 50MW / 100MWh BESS project, which could power over 80,000 homes* for two hours at times of peak demand, is the first operational battery site in SSE''s portfolio. The asset is now trading in Great Britain''s wholesale

SSE''s battery storage project supports decarbonisation

SSE is further investing in renewable energy in the UK by building a 320 megawatt (MW) battery storage project — The Monk Fryston battery project — in Yorkshire, North England. "This is another positive step towards reaching our net zero targets, enabling us to provide stored energy to the grid and provide balancing energy supply to

Our businesses | SSE

SSE has seven business units that make up the SSE group. Our collective strategy is to create value for shareholders and society sustainably by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero, whilst ensuring a fair and just transition for our people.

SSE Renewables'' first battery storage project now fully operational

The 50MW / 100MWh BESS project, which could power over 80,000 homes* for two hours at times of peak demand, is the first operational battery site in SSE''s portfolio. The asset is now trading in Great Britain''s wholesale energy market following the completion last week of final energisation tests at the site. Battery storage plays a key

Pump it Up: The case for Pumped Hydro Storage

The research, by flexibility modelling expert Dr Goran Strbac and his colleagues, found that 4.5GW of new long duration pumped hydro storage, with 90GWh of storage could save up to £690m per year

SSE Renewables announces construction of second

SSE Renewables has taken a Final Investment Decision to proceed with, and entered into contracts to deliver, its second battery energy storage system (BESS). The 150MW project is located at the

SSE Renewables breaks ground with its 150MW battery storage

21 Aug 2023. SSE Renewables celebrated construction starting at its 150MW/300MWh battery energy storage system (BESS) at Ferrybridge, West Yorkshire with a groundbreaking ceremony. Delegates from SSE Renewables were joined for the event by principal contractor, OCU Services Ltd, and battery supplier, Sungrow Power UK Ltd on

Britain could save £50bn by decarbonising smarter and faster

The UK could reach net zero faster and save almost £50bn by 2050 with a renewables-led energy system supported by decarbonised gas and long duration storage, alongside electricity market reform and network coordination. Analysis by energy modelling experts LCP, commissioned by SSE in its role as a Principal Partner to COP26, found a

SSE Renewables to build 150MW energy storage project in UK

The 150MW/300MWh battery energy storage system will be operational by the end of 2024. SSE Renewables will install its second battery at the former Ferrybridge coal power plant in west Yorkshire. Credit: SSE plc. Scotland-based energy company SSE Renewables has taken a final investment decision to build a battery energy storage

SSE has published its Q3 Trading Statement. | SSE

Progress continues with the delivery of SSE''s £20.5bn NZAP Plus investment plan despite operational challenges during the quarter. Progress in developing the routes to market for CCS, hydrogen and, in particular, long duration energy storage projects, where a long-awaited government consultation response confirmed it is

Our strategy | SSE Renewables

We''re part of SSE plc, the UK-listed integrated energy group which is investing £12.5bn over the next five years, or £7m a day, to deliver a Net Zero Acceleration Programme to address climate change head on.. This includes plans by SSE Renewables to double our installed renewable energy capacity to 8GW by 2026.We also have ambitious targets to

SSE acquires its first 30MW solar project in its role as the

SSE has announced details of its first solar project that will deliver 30MW of clean energy as part of its ambitious £12.5bn investment programme to power change towards net zero. As the UK''s ''national clean energy champion'' SSE is committed to deploying renewable energy technologies and has purchased the project development

Annual Report 2024 | SSE

Delivering today while investing in tomorrow''s energy. While our business model ensured our financial resilience in 2023/24, our ultimate focus is on the power system of tomorrow. Helping to build a renewable and flexible energy system is the most important contribution we can make to a sustainable future. Download our Annual Report 2024.

The future of energy storage: how pumped hydro storage can

SSE Renewables wants to continue development of its landmark pumped hydro storage project with a £100 million investment boost. Coire Glas has the potential

Investing in pumped hydro storage could save up to £690m a

A new study by independent researchers from Imperial College London has found that just 4.5GW of new long duration pumped hydro storage with 90GWh of storage could save up to £690m per year in energy system costs by 2050, as the UK transitions to a net-zero carbon emission system. Commissioned by SSE Renewables via Imperial Consultants

SSE Renewables to build 150MW energy storage project in UK

Scotland-based energy company SSE Renewables has taken a final investment decision to build a battery energy storage system (BESS) project in the UK.

Powering progress on SSE''s first battery storage project | SSE

The project is part of SSE''s ambitious capital investment plan to accelerate progress to net zero in its role as the UK and Ireland''s clean energy

SSE issues €650m Green Bond as it ramps up Net Zero

SSE issues €650m Green Bond as it ramps up Net Zero Acceleration Programme. SSE plc has successfully issued a €650m 7-year green bond maturing 1 August 2029 at a coupon of 2.875 per cent. Today''s issuance is SSE''s fifth green bond in six years and reaffirms its status as the largest issuer of green bonds from the UK corporate

SSE to build large UK battery storage project | Reuters

The renewables arm of British power generator SSE has taken an investment decision to build a 320 megawatt (MW) battery storage project in Yorkshire,

SSE Renewables acquires 100MW battery storage project in NI

The delivery of the Derrymeen battery project would make an important contribution to SSE plc''s overall Net Zero Acceleration Programme, our fully funded five-year investment plan which will see SSE Renewables investing over £7bn to 2027, or almost £4m a day on average, to deliver the low carbon energy infrastructure that will support

Time-of-Use Pricing for Energy Storage Investment

Time-of-use (ToU) pricing is widely used by the electricity utility to shave peak load. Such a pricing scheme provides users with incentives to invest in behind-the-meter energy storage and to shift peak load towards low-price intervals. However, without considering the implication on energy storage investment, an improperly designed ToU

SSE welcomes UK consultation on unlocking investment in long

Glasgow, 10 January 2024: SSE has welcomed the announcement by the UK Government that it is opening a consultation on how it intends to support the deployment of much needed long-duration electricity storage projects. The consultation announcement, made by the Department of Energy Security and Net Zero (DESNZ), delivers on a commitment in last

Britain''s biggest pumped hydro scheme in 40 years

The project, which received planning consent from the Scottish Government in 2020, would also more than double Britain''s total current electricity storage capacity – providing vital back up to an increasingly renewables-led system and bolstering energy security. SSE hopes to make a final investment decision on Coire Glas in 2024,

SSE unveils redevelopment plans for Sloy Power Station

22 May 2023. – Scotland First Minister Humza Yousaf welcomes plans to convert conventional hydro plant to new, flexible pumped hydro storage facility –. – If approved for delivery Sloy could provide firm, flexible renewable energy for up to 160 hours non-stop, enough to power 90,000 homes for one week –. SSE Renewables has unveiled

Community Investment | SSE Thermal

Who we are. Who we are ; Our strategy Creating value for shareholders and society by developing, operating and owning low-carbon energy infrastructure in a sustainable way.; Our people View the members of our Executive Committee; Our sites and projects . Sustainability. Sustainability ; Social We aim to conduct our business in a way that

Contract-based Time-of-use Pricing for Energy Storage Investment

Time-of-use (ToU) pricing is widely used by the electricity utility. A carefully designed ToU pricing can incentivize end-users'' energy storage deployment, which helps shave the system peak load and reduce the system social cost. However, the optimization of ToU pricing is highly non-trivial, and an improperly designed ToU pricing may lead to storage

Construction to start on SSE Renewables'' 320MW BESS project in

SSE Renewables has taken a Final Investment Decision (FID) to proceed with the construction of one of the UK''s largest battery energy storage system (BESS)

SSE Renewables renews call for policy action on long-duration energy

08 Apr 2022. SSE Renewables has today reiterated its plans to build a major new £1bn-plus electricity storage facility as it welcomed the UK Government''s commitment within its new Energy Strategy to develop appropriate policy to encourage investment in large-scale, long-duration electricity storage (LDES). Responding to the energy crisis

SSE Renewables'' first battery storage project at Salisbury now

SSE''s first battery energy storage system (BESS) project at Salisbury in Wiltshire, England is now fully operational. a fully funded five-year investment plan which will see SSE Renewables investing over £7bn to 2027, or almost £4m a day on average, to deliver the low carbon infrastructure that will support the transition to net zero

Monk Fryston | SSE Renewables

Monk Fryston is a 320MW capacity battery energy storage system (BESS) based in the Selby district of North Yorkshire. SSE Renewables took a final investment decision on the project in November 2023, with construction due to begin in spring 2024. SSE Renewables will partner with Morrison Energy Services and Sungrow to deliver the Monk Fryston

SSE has published its Q3 Trading Statement. | SSE

Delivery of the SSEN Transmission investment programme continues to make good progress. Enabling work is now under way on the Eastern Green Link 2, the HVDC link from Peterhead to Yorkshire. SSEN Transmission also successfully issued a £500m 20-year green bond at a fixed coupon of 5.5%, which will be used to help finance

SSE at COP28 | SSE

Detail: At SSE, our £40bn capital investment programme across the decade to 2032 is squarely focused on accelerating renewables, reinforcing networks and providing vital system flexibility. We are delivering the right action, right now. Title: SSE, Carbon Capture and Storage Association and the Long Duration Energy Storage Council

SSE on track to invest £24bn+ this decade in GB clean energy

25 May 2022. Leading electricity infrastructure company SSE has said its investment in Great Britain''s electricity infrastructure system could total in excess of £24bn this decade, as part of its Net Zero Acceleration Programme (''NZAP''), providing a huge boost to the UK''s clean energy ambitions. The Perth-headquartered company, whose

SSE Renewables to Build 320MW Battery Energy Storage Project,

SSE Renewables has taken a Final Investment Decision (FID) to proceed with the construction of one of the UK''s largest battery energy storage system (BESS) projects in Monk Fryston, Yorkshire. The 320MW / 640MWh grid-scale battery is SSE Renewables'' third BESS development to reach this stage, following on from its 50MW

SSE Announces Plans To Invest Up To £40bn In Low-Carbon Energy

The plan comes as SSE publishes its financial results for full-year 2022/23, reporting a record investment of £2.8bn for the year – over 50% more than its £1.8bn adjusted profit after tax in the same period – as the company builds out critical energy projects including the world''s largest offshore wind farm at Dogger Bank.

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SSE acquires its first 30MW solar project in its role as the UK''s clean energy champion | SSE

SSE has announced details of its first solar project that will deliver 30MW of clean energy as part of its ambitious £12.5bn investment programme to power change towards net zero. As the UK''s ''national clean energy champion'' SSE is committed to deploying renewable energy technologies and has purchased the project development

Construction to start on SSE Renewables'' 320MW BESS project in

SSE Renewables has taken a Final Investment Decision (FID) to proceed with the construction of one of the UK''s largest battery energy storage system (BESS) projects in Monk Fryston, Yorkshire. The 320MW / 640MWh grid-scale battery is SSE Renewables'' third BESS development to reach this stage, following on from its 50MW

SSE Renewables partners with Fluence and OCU Energy to deliver its battery storage

Fluence, a global leader in energy storage technology, digital solutions and services, has been selected as the supplier of the battery-based energy storage system. Construction is set to begin at the site in the coming weeks after SSE Renewables took a final investment decision back in December 2023.

Our strategy | SSE Renewables

Our strategy is to lead the transition to a net zero future through the world-class development, construction and operation of renewable power assets. We''re part of SSE plc, the UK-listed integrated energy group which is investing £12.5bn over the next five years, or £7m a day, to deliver a Net Zero Acceleration Programme to address climate

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