The Energy Networks Association (ENA) has called on the UK government to update the British Energy Security Strategy to include the deliverance of an energy storage strategy by the end of 2023.
The industry body believes this commitment should be unveiled in the upcoming Spring Budget, which is scheduled to be released by the UK government on 15 March 2023.
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Energy storage is a crucial area for the UK to explore in a bid to not only achieve its net zero ambitions, but additionally to increase the flexibility options available to the grid. And with it able to store green energy for peak demands, it could be a critical component in the UK’s future energy system.
However, to truly unlock this budding sector, the ENA has defined that the UK must clearly define what business models will be developed to secure investment in seasonal energy storage. Doing so could help boost investment and innovation within the sector and support the UK’s long-term energy targets.
Alongside a commitment for energy storage, the ENA also believes there must be a focus on unlocking private investment, through energy network companies, to build and transform energy network capacity.
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Energy-Storage.news’ publisher Solar Media will host the 8th annual Energy Storage Summit EU in London, 22-23 February 2023. This year it is moving to a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.