ScottishPower has unveiled a £2 billion (US$2.65 billion) investment programme for 2019 to target large-scale battery storage and public EV charging points.

Engineering company Siemens has launched the device – configurable in 3.3kWh ‘blocks’ up to 19.8kWh – in Germany, with an Austria launch to follow in April.

GRIDSERVE said the new project “ushers in a new era” for “subsidy-free, truly sustainable energy” in Britain.

UK editor Liam Stoker writes in a blog for the energy transition and smart power site this week that National Grid’s Distributed Resource Desk – a new platform for managing distributed resources on its network – is starting to enable wider participation in the BM.

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).