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.
The dynamics of balancing electricity supply and demand on the grid have been deeply affected by the coronavirus pandemic, but it’s certainly not the only reason why the UK’s electricity system operator is introducing a new service called Dynamic Containment. What is it and why is the UK already replacing its firm frequency response (FFR) and other ancillary services?
Merchant energy storage has become an investable asset class in the UK, a provider of battery optimisation services has said, with the market moving away from an emphasis on contracted revenue streams for supplying grid services.