Work has started at a battery storage site lauded as the largest of its kind under construction in the UK by developers Harmony Energy and Fotowatio Renewable Ventures.
A new 50MW battery storage site in the UK will be another example of how batteries are benefiting the grid and offering returns for investors, the company behind the project has said.
Scotland-headquartered multinational energy company SSE has acquired development rights for its first 50MW battery storage asset from developer Harmony Energy.
A process of gathering information, evidence and analysis on long-duration energy storage technologies and the role they could play in the UK’s energy system has begun, launched by the government Department for Business, Energy and Industrial Strategy (BEIS).
London-headquartered investment fund GLIL Infrastructure has invested £150 million into Flexion Energy, a “modern utility company and energy storage infrastructure specialist” which is aiming to build 1GW of energy storage in the UK over five years.
By the end of 2022, the volume of installed batteries in the UK is set to outstrip the demand from frequency services, marking a key tipping point for Dynamic Containment (DC).
Details of the UK government’s upcoming long duration energy storage innovation competition have been revealed, with an event to provide application support this month.
With a project pipeline in excess of 14GW, a developing regulatory envelope and maturing revenue streams, the UK’s energy storage sector continues to be at the forefront globally. Molly Lempriere charts the market’s development to date and uncovers how it has responded to deployment barriers.
