The UK energy storage is currently “in limbo” despite improvements to regulation made in recent years, according to panellists at the Energy Storage Summit.
The UK energy storage sector is forging ahead after a landmark year in 2019 which saw maturing business models further the asset class’ role in the country’s energy system.
Battery storage in continental Europe “is not working anymore” following the integration of the European market, according to Next Kraftwerke CEO Jochen Schwill.
New proposals from the UK government intend to slam shut a loophole that had allowed for battery storage projects in the country to access more favourable payments for their flexible capacity.
Investors are queuing “all the way down the street” but many require the first projects to be built before committing, Gridserve’s chief investment officer Mark Henderson has said.
Battery storage assets in the UK successfully landed capacity agreements in last week’s T-3 Capacity Market auction by listing as demand side response (DSR) assets.
