Managing investor expectations and monetising demand for flexibility are key to future-proofing the industry’s business case, financiers stress at Energy Storage Summit.

Co-location of large-scale energy storage systems with solar and wind generation is not an immediate prospect for the UK’s clean energy markets, although interest is there, an expert panel said today at the Energy Storage Summit.

Snap poll to decide whether goal to add 3.5GW in pumped storage capacity and 2.5GW in batteries in little longer than a decade becomes hard law.

With carbon reduction goals a long way off from being met in Europe’s transport sector, energy storage can play a key role in coupling transportation and energy technologies, the European Association for Storage of Energy (EASE) has said.

A new poll has identified energy storage as the most promising technology for institutional investors keen on renewable assets, amid plans by many to ramp up allocations.

UK battery storage firm Zenobe Energy has secured a £25 million (US$32.27 million) investment from Japanese power giants Jera and Tokyo Electric Power Company (Tepco).

Firm spies potential for more than 4.5GW of flexible power capacity in the UK alone and a home energy management industry which it expects to be worth more than US£2 billion (US$2.58 billion) a year by 2025.

Battery and energy storage system maker Saft has confirmed the go-ahead of a project in Bermuda that was reported by local press sources earlier this month.

Shell is to acquire German battery storage manufacturer sonnen in a bid to accelerate its home energy services position.

Expert briefing held six weeks before the Brexit deadline explores strategies for UK energy players to counter price volatility under a no-deal scenario