Bozhidar Bozhkov, head of Markets for Asset Optimisation at SmartestEnergy, looks at how battery storage has evolved in the past two years and what the market is like now.
Balancing markets throughout Europe are opening up to decentralised power, but there is still “significant room” for mechanisms to improve further.
The balancing and frequency markets will double in value by 2030 as the evolution of the power market creates £6 billion of investment opportunity for battery storage and other flexible and distributed generation assets.
Food wholesaler Philip Dennis Foodservice has installed energy storage units totalling over 4MW at its Barnstaple offices in an effort to generate revenue from grid services, rather than making savings from behind-the-meter activity.
Ørsted, formerly DONG Energy, has confirmed its entry into the UK battery storage market with a new 20MW project near Liverpool.
Storage developers eyeing opportunities in Ireland’s DS3 programme will be able to bid for six-year contracts providing frequency response and reserve services in September when transmission system operator EirGrid will launch a new procurement process.
Battery energy storage is now being used at two of the largest river hydro projects to deliver a range of grid services, load shifting and energy trading, with a third planned for later this year by Barn Energy.
Kiwi Power has unveiled its largest behind the meter battery to date with the completion of the 4MW / 4.8MWh Tesla battery at Cenin Renewables in south Wales.
Behind the meter (BTM) storage in the UK’s commercial and industrial (C&I) sector could offer a 10GW market for battery energy storage under the right regulation and business models incorporating increased energy arbitrage.