'Cracking the Code: A Guide to Energy Storage Revenue Streams and How to Derisk Them' was commissioned by Scottish Renewables from Everoze, with assistance from RES and the University of Strathclyde’s Power Networks Demonstration Centre
Overall, it explains the complex market opportunities for UK energy storage and sets out a series of far-reaching recommendations to level the playing field for rapidly-developing energy storage technologies – some of which are locked out of current market arrangements.
- Longer contracts from National Grid for support services like frequency response and fast reserve – which could help get banks on board
- Designing revenue streams to enable them to be ‘stacked’ together more easily, addressing ‘revenue interface risk’ to make sure they line up technically, commercially and legally
- Unlocking new revenue opportunities within the distribution network
- Exploring the introduction of a ‘cap and floor’ mechanism for storage assets with long lifetimes – similar to the mechanism which supports investment in connections to other countries.