Hive Energy, a UK-based utility-scale solar developer, has entered into a consortium with vanadium redox flow battery manufacturer CellCube and Immersa to jointly build solar-plus-storage projects in the UK.

And the trio already has its first project in the works, expected to complete later this year.

HICC Energy, as the consortium has been billed, was founded last week and will look to bring a portfolio of projects to market utilising third-party project financing.

The trio cited new opportunities for long duration batteries created by the derating methodologies adopted by grid operators in the UK when factoring their capabilities in markets like the country’s Capacity Market.