Bigger projects, increased synergy with renewable energy generation, better evolved business models and a forward-thinking market design have contributed to the success of battery storage in the UK, with neighbouring Ireland also showing strong signs of rapid growth.
Analysis and research firm IHS Markit has predicted that over 10GW of new energy storage will be deployed during this year, with around half of those additions in the US market.
Colocating battery energy storage systems alongside renewables projects will be ‘critical’ to energy networks in the future, and could help level up debt financing.
Updated: Spain’s government has approved an energy storage strategy that it says will put the country “at the forefront” of what is being done in Europe and help it move towards its 2050 climate neutrality target.
Leclanché will deploy a short duration battery energy storage system (BESS) and energy management software to a natural gas power plant in Levice, Slovakia.
Ireland’s first grid-scale battery system was commissioned at the beginning of 2020 but was followed just a few months later by another one 10 times larger. The opportunities for further development in the country appear huge, with a grid operator willing to recognise the role energy storage can play in balancing the network.
The February 2021 episode of the Solar Media Podcast is now available to stream and asks the question: Could solar energy deployment in 2021 top 200GW?
A US$70 million funding round has been successfully closed by Highview Power, a UK-headquartered company which has developed a liquid air energy storage (LAES) system called the ‘CRYOBattery’.
