Statkraft has launched a 1GW renewables, battery storage and flexible gas virtual power plant (VPP) in the UK and aims to double its capacity by the summer.
Energy storage, electric vehicles, demand response and interconnectors will be needed to provide the flexibility required for the energy transition to take hold by reducing the need for fossil-fuelled backup.
Norwegian energy giant Statkraft has made a major play for the UK and Ireland wind sector by acquiring the development business of Element Power Group.
Norwegian state-owned power firm Statkraft has outlined plans to invest nearly £1 billion a year over the next six years in a bid to deploy multiple gigawatts of renewable power.
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.
