Lauren Cook, analyst at Solar Media Market Research, explores the detail behind the data in the UK’s battery storage market, as new applications continue to swell.
60MW of energy storage developed by Fluence and Sembcorp Energy UK has come online, lauded as one of the largest transacted fleets of its kind in Europe.
As much as 500MW of additional large-scale battery storage capacity could be built in the UK in 2019, increasing its capacity by more than 70% to 1.2GW. Lauren Cook, analyst at Solar Media Market Research, reports.
Solar and storage technologies would possess a “mutually beneficial interaction” in the Capacity Market (CM) should renewables be introduced into the mechanism, National Grid has said.
Battery storage developers in the UK are facing uncertainty over their prospective revenue stacks as the Capacity Market was placed in an indefinite “standstill period”.
Arlington Energy has announced plans to build out a 1GW portfolio of energy storage and gas peaker projects across the UK after securing initial funding of £200 million from an offshore fund of institutional investment.
Gore Street, the UK’s first listed fund targeting energy storage specifically, has acquired two battery storage projects from Origami Energy, taking its portfolio to 29MW across four projects.
Food wholesaler Philip Dennis Foodservice has installed energy storage units totalling over 4MW at its Barnstaple offices in an effort to generate revenue from grid services, rather than making savings from behind-the-meter activity.
Solar farms could be able to compete for contracts in the Capacity Market as early as winter 2019/20 if new government proposals, launched yesterday, are approved.
