Co-located storage is growing as a proportion of the UK market with 7.2GW of projects in the pipeline, but structuring deals and offtake agreements presents a complex challenge according to an expert source.
With a handful of leading regions deploying grid-scale storage at a faster rate than ever, what sort of impact are these additions having so far on the problems they are intended to solve?
Welbar Energy Storage joint venture – made up of Penso Power and Luminous Energy – has secured planning permission for a 350MW connection capacity battery storage development with a five-hour duration in the UK.
UK-based renewable energy developer Anesco will use its acquisition of a German wind and solar developer to expand into the country’s utility-scale energy storage market, CEO Mark Futyan told Energy-storage.news.
London-listed energy storage investor Gore Street Capital CEO Alex O’Cinneide discussed its fund’s recent expansion outside UK/Ireland and which markets are most of interest, in an interview with Energy-storage.news.
The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.
