UK energy regulator Ofgem has been accused of “passing the buck” over the financial repercussions of its Targeted Charging Review (TCR) on flexibility projects in the country.
The EU’s latest Clean Energy Package (CEP) is “undoubtedly positive” for energy storage, with the technology expected to play a key role in meeting the legislation’s ambitious “32% by 2030” renewables target, Brittney Elzarei, senior policy officer at trade organisation EASE has said.
Perhaps the biggest indicator of the recognition of behind-the-meter storage so far this year has been the acquisition of Sonnen by oil major Shell. CEO Christoph Ostermann spoke to Andy Colthorpe about why home storage uptake could be on a worldwide series of inflection points.
Statkraft has partnered with energy & meteo systems to launch a 1GW wind, solar and battery storage virtual power plant in the UK, which it says will further renewables’ penetration into the country’s energy market.
Managing investor expectations and monetising demand for flexibility are key to future-proofing the industry’s business case, financiers stress at Energy Storage Summit.
Firm spies potential for more than 4.5GW of flexible power capacity in the UK alone and a home energy management industry which it expects to be worth more than US£2 billion (US$2.58 billion) a year by 2025.
Premier Inn, a chain of budget and competitively priced hotels in the UK, has installed a 100kW lithium ion battery at its Gyle at Edinburgh Park hotel in the Scottish capital, claiming it to be the first ‘battery-powered hotel’ in Britain.
The US government has been urged to recognise the “critical role” energy storage can play in making the grid cleaner and able to accept more renewable energy, by increasing the eligibility of batteries and other technologies to receive the Investment Tax Credit (ITC).
Uninterruptible power supply (UPS) provider Vertiv is to use energy flexibility specialist Upside Energy’s cloud-based platform to enable its customers to provide unutilised energy to the UK electricity grid.
UK Power Reserve, a British developer of flexible electricity assets, has confirmed that battery storage solutions from Fluence will be used to build out its entire 120MW portfolio of projects.
