UK renewables and battery developer Anesco has warned that the looming de-rating of battery storage in the Capacity Market risks scaring investors away from the technology.
Centrica has revealed plans to build a single 100MW battery energy storage system in Ireland for delivery by 2022 to take advantage of capacity market and grid services opportunities currently under development.
What is thought to be the largest operating containerised vanadium redox flow machine system in the UK has been connected to the grid by redT energy, with the 1MWh project becoming the first to sign up to a local energy market being set up by Centrica.
The Department of Business, Energy and Industrial Strategy (BEIS) has refused to provide any clarity over when a decision on the potential derating of energy storage assets within the capacity market (CM) will be made despite a senior policy advisor stating the judgement is “imminent”.
Siemens has continued to bolster its UK presence with a new partnership with Grid Battery Storage Limited (GBSL) which will see a 22MW portfolio of four projects built and an ‘energy storage as a service’ offering launched.
Flexible and distributed energy sources in the UK will reach 25GW by 2030 according to Aurora Energy Research, which has forecast potential annual revenues close to £3 billion as batteries, ‘peakers’ and demand-side response (DSR) come to the fore.
Energy storage investors will need to have their projects in the ground by June next year at the latest if they are to take advantage of the lucrative new ancillary services market set to be implemented by National Grid, according to Sungrow’s European managing director.
