A representative of National Grid, the UK’s transmission system operator (TSO), has said that energy storage will be “integral” to the network’s flexibility strategy – while urging developers not to rely solely on early frequency regulation contracts.
While decreases in costs continue to make energy storage more and more competitive, financial advisory and asset management firm Lazard has highlighted just how variable project economics can be, citing examples of US projects with 9%, 11% and 21% IRR (internal rate of return).
Siemens has continued to bolster its UK presence with a new partnership with Grid Battery Storage Limited (GBSL) which will see a 22MW portfolio of four projects built and an ‘energy storage as a service’ offering launched.
German renewables funder Capital Stage is lining up its first battery storage move, but stressed it could be some time before business models are mature enough.
The UK’s large-scale battery storage installations have reached 100MW of capacity, made up of around 50 individual sites larger than 250kW. Lauren Cook of Solar Media’s Market Research team discusses how this point has been arrived at and what we might expect to see coming next.
Having been subject to discussion for years within the academic sphere, energy storage projects have become a topic of high interest to energy sector focused investors in recent years. Philipp Lobnig of E-nable+, an online platform connecting energy projects with investors, offers his views on the key questions these investors should be asking.
Indian Discom (distribution company) Tata Power Delhi Distribution Limited (Tata Power-DDL) and German government-owned entity GIZ have signed a memorandum of understanding (MoU) to work jointly on promoting rooftop solar, energy storage systems, EVs and smart grid initiatives.
Chris Pritchett of UK law firm Foot Anstey recently served as moderator for the “Developers and financiers debate” at the Energy Storage Conference at the Solar & Storage Live 2017 show in England. Afterwards, Andy Colthorpe caught up with Chris for an in-depth interview on camera.
