From the all-time-highs of June and July 2022, Gresham House Energy Storage (GRID), Harmony Energy Income (HEIT) and Gore Street Energy Storage (GSF) have faced recent challenges due to diminished revenues for GB Battery Energy Storage Systems (BESS).
The issues stem from declines in Ancillary Service revenues that were not offset by a pick-up in trading revenues, with the failure of the National Grid’s Energy System Operator (ESO) to implement the system changes needed to use batteries to absorb fluctuations in power supply and demand a key hold up.
Gresham House Energy Storage scrap…
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