The Philippines is set to become a “full-sized market” for energy storage within a couple of years, according to Wärtsilä’s director for the Australasia region.

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.

Increased confidence in the asset class has been driven by three main factors: more third party trading counterparties entering the space and offering new and innovative products, increased volatility in the trading markets and the increased market size of frequency service contracts.

Algorithms for the control and optimisation of assets including batteries can be an energy trader’s best friend – nearly all of the time. Aaron Lally, managing partner at UK-based clean tech trading house, VEST Energy, explains why it’s good to know when to switch from automation to human-controlled trading.

Managing investor expectations and monetising demand for flexibility are key to future-proofing the industry’s business case, financiers stress at Energy Storage Summit.