{"id":689,"date":"2024-02-22T16:07:09","date_gmt":"2024-02-22T16:07:09","guid":{"rendered":"https:\/\/www.jpsil.co.uk\/blog\/?p=689"},"modified":"2024-02-22T16:07:09","modified_gmt":"2024-02-22T16:07:09","slug":"bess-assets-successfully-cleared","status":"publish","type":"post","link":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/","title":{"rendered":"Six Battery Energy Storage System (BESS) assets successfully cleared in auction"},"content":{"rendered":"<h2 class=\"wp-block-heading\">Harmony Energy Income Trust (HEIT) have successfully cleared six BESS assets in the latest T-1 Capacity Market auction<\/h2>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.heitp.co.uk\/\">HEIT<\/a> has secured six BESS projects in the latest T-1 Capacity Market auction, boosting its revenue to \u00a33.2 million for delivery years 2024\/25.aasa  The battery storage investment firm announced this news today, highlighting the auction clearing at \u00a335.79\/kW\/year and factoring in the 22% de-rations. This translates to a contracted revenue of \u00a33.2 million for the period, approximately \u00a38,000\/MW. This successful bid adds \u00a31.7 million to the company&#8217;s projected cash flows.<\/p>\n<h2 class=\"wp-block-heading\">Capacity Awards<\/h2>\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/www.nationalgrideso.com\/\">National Grid ESO<\/a> just dropped the results of the latest T-1 CM auction on 20 February. After eight intense rounds, the auction finally cleared. The initial results show that BESS snagged the top spot with a whopping 655.16MW capacity among all clean technologies. <\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"920\" height=\"464\" src=\"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2024\/02\/capacity-awarded-by-primary-fuel-type-mw.png\" alt=\"pie chart illustrating capacity awarded by primary fuel type in MW.\" class=\"wp-image-691\" srcset=\"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2024\/02\/capacity-awarded-by-primary-fuel-type-mw.png 920w, https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2024\/02\/capacity-awarded-by-primary-fuel-type-mw-768x387.png 768w\" sizes=\"auto, (max-width: 920px) 100vw, 920px\" \/><figcaption class=\"wp-element-caption\"><strong>Capacity Awarded by Primary Fuel Type (MW)<\/strong><\/figcaption><\/figure>\n<p class=\"wp-block-paragraph\">At the <a href=\"https:\/\/storagesummit.solarenergyevents.com\/\">Solar Media\u2019s Energy Storage Summit EU 2024<\/a> yesterday (21 February), Georgina Morris, the head of capacity market policy for low carbon technologies at the Department of Energy Security and Net Zero (DESNZ), spilled the tea. She mentioned how the CM is gaining more importance for BESS in terms of revenue. The increase in HEIT&#8217;s contracted revenue for 2024\/25 is proof of that, as revealed during her conversations with market participants. Looks like BESS is securing its bag in the energy storage game!<\/p>\n<p class=\"wp-block-paragraph\">Said Ms Morris;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">The Capacity Market is not the main chunk of the [BESS] revenues stack, but I am starting to think that, especially in a high-interest environment, guaranteed contractual payment is important for batteries.<\/p>\n<\/blockquote>\n<h3 class=\"wp-block-heading\">Further Reading<\/h3>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.solarpowerportal.co.uk\/harmony-energy-bess-t-1-capacity-market-auction\/\">https:\/\/www.solarpowerportal.co.uk\/harmony-energy-bess-t-1-capacity-market-auction\/<\/a><br \/>\n<a href=\"https:\/\/www.energy-storage.news\/bess-wins-highest-percentage-uk-capacity-market-auction\/\">https:\/\/www.energy-storage.news\/bess-wins-highest-percentage-uk-capacity-market-auction\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harmony Energy Income Trust (HEIT) have successfully cleared six BESS assets in the latest T-1 Capacity Market auction HEIT has&#8230;<\/p>\n","protected":false},"author":3,"featured_media":694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[110],"tags":[111],"class_list":["post-689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bess"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BESS assets successfully cleared in auction<\/title>\n<meta name=\"description\" content=\"Harmony Energy Income Trust (HEIT) have successfully cleared six BESS assets in the latest T-1 Capacity Market auction\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harmony Energy Income Trust (HEIT) have successfully cleared six BESS assets in the latest T-1 Capacity Market auction\" \/>\n<meta property=\"og:description\" content=\"Harmony Energy Income Trust (HEIT) have successfully cleared six BESS assets in the latest T-1 Capacity Market auction\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/\" \/>\n<meta property=\"og:site_name\" content=\"JP Containers | High Quality Purpose Built ISO Containers | Cheshire |\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T16:07:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2024\/02\/now-live-contego-battery-energy-storage-development-from-frv-and-harmony-energy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"1267\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gary Carlon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gary Carlon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BESS assets successfully cleared in auction","description":"Harmony Energy Income Trust (HEIT) have successfully cleared six BESS assets in the latest T-1 Capacity Market auction","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/","og_locale":"en_GB","og_type":"article","og_title":"Harmony Energy Income Trust (HEIT) have successfully cleared six BESS assets in the latest T-1 Capacity Market auction","og_description":"Harmony Energy Income Trust (HEIT) have successfully cleared six BESS assets in the latest T-1 Capacity Market auction","og_url":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/","og_site_name":"JP Containers | High Quality Purpose Built ISO Containers | Cheshire |","article_published_time":"2024-02-22T16:07:09+00:00","og_image":[{"width":1900,"height":1267,"url":"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2024\/02\/now-live-contego-battery-energy-storage-development-from-frv-and-harmony-energy.jpg","type":"image\/jpeg"}],"author":"Gary Carlon","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Gary Carlon","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/#article","isPartOf":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/"},"author":{"name":"Gary Carlon","@id":"https:\/\/www.jpsil.co.uk\/blog\/#\/schema\/person\/9df0e3147e890d042f1f712f059fe4b2"},"headline":"Six Battery Energy Storage System (BESS) assets successfully cleared in auction","datePublished":"2024-02-22T16:07:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/"},"wordCount":281,"commentCount":0,"publisher":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/#organization"},"image":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/#primaryimage"},"thumbnailUrl":"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2024\/02\/now-live-contego-battery-energy-storage-development-from-frv-and-harmony-energy.jpg","keywords":["BESS"],"articleSection":["News"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/","url":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/","name":"BESS assets successfully cleared in auction","isPartOf":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/#primaryimage"},"image":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/#primaryimage"},"thumbnailUrl":"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2024\/02\/now-live-contego-battery-energy-storage-development-from-frv-and-harmony-energy.jpg","datePublished":"2024-02-22T16:07:09+00:00","description":"Harmony Energy Income Trust (HEIT) have successfully cleared six BESS assets in the latest T-1 Capacity Market auction","breadcrumb":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/#primaryimage","url":"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2024\/02\/now-live-contego-battery-energy-storage-development-from-frv-and-harmony-energy.jpg","contentUrl":"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2024\/02\/now-live-contego-battery-energy-storage-development-from-frv-and-harmony-energy.jpg","width":1900,"height":1267,"caption":"contego battery energy storage development from frv and harmony energy"},{"@type":"BreadcrumbList","@id":"https:\/\/www.jpsil.co.uk\/blog\/2024\/02\/22\/bess-assets-successfully-cleared\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.jpsil.co.uk\/blog\/"},{"@type":"ListItem","position":2,"name":"Six Battery Energy Storage System (BESS) assets successfully cleared in auction"}]},{"@type":"WebSite","@id":"https:\/\/www.jpsil.co.uk\/blog\/#website","url":"https:\/\/www.jpsil.co.uk\/blog\/","name":"JP Containers | High Quality Purpose Built ISO Containers | Cheshire |","description":"HIGH QUALITY EQUIPMENT MODULES AND ENGINEERING SOLUTIONS YOUR STRATEGIC PARTNER FOR CONTAINERISED SOLUTIONS","publisher":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.jpsil.co.uk\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.jpsil.co.uk\/blog\/#organization","name":"JP Containers | High Quality Purpose Built ISO Containers | Cheshire |","url":"https:\/\/www.jpsil.co.uk\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.jpsil.co.uk\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2025\/11\/jpc-logo-vector.svg","contentUrl":"https:\/\/www.jpsil.co.uk\/blog\/wp-content\/uploads\/2025\/11\/jpc-logo-vector.svg","caption":"JP Containers | High Quality Purpose Built ISO Containers | Cheshire |"},"image":{"@id":"https:\/\/www.jpsil.co.uk\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.jpsil.co.uk\/blog\/#\/schema\/person\/9df0e3147e890d042f1f712f059fe4b2","name":"Gary Carlon","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/f9d0d29aa627ead1cf9dea1f7fbe3f600c1156aab0060db9379e3339355dc3aa?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f9d0d29aa627ead1cf9dea1f7fbe3f600c1156aab0060db9379e3339355dc3aa?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f9d0d29aa627ead1cf9dea1f7fbe3f600c1156aab0060db9379e3339355dc3aa?s=96&d=mm&r=g","caption":"Gary Carlon"},"url":"https:\/\/www.jpsil.co.uk\/blog\/author\/jpcadmin2022-2\/"}]}},"_links":{"self":[{"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/posts\/689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=689"}],"version-history":[{"count":0,"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/posts\/689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/media\/694"}],"wp:attachment":[{"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpsil.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}