Energy Storage News•about 2 months ago
Drax buys 260MW of in-development UK BESS projects
- •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.
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