At present, financing utility-scale storage projects is for those brave enough to tackle their complexity, Dan Taylor says. Image: LG Chem.
While parallels are often drawn between the solar and storage industries, financing energy storage projects is a lot more complex than simply “transposing” learnings from solar to batteries.
Dan Taylor, director of UK financier and project developer Camborne Capital, spoke to Energy-Storage.News at Solar Media’s recent Energy Storage Summit, which took place in London.
As Taylor says, National Grid, the UK transmission operator's tender for 200MW of enhanced frequency response (EFR) services to balance the grid has excited the entire industry, but there is much more to it than that.
“Where investors in the past have worked with solar and wind, and had the opportunity of FiTs, subsidies and ROCs (Renewable Obligation Certificates), trying to just transpose that into a new industry which is a much more reactive, a sort of day-to-day role, is probably not as easy as it sounds,” Taylor says in this short interview.