NewEnergyNews: A UK Perspective On The Global Storage Market

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    Friday, September 09, 2016

    A UK Perspective On The Global Storage Market

    Report highlights the ‘Rubik’s Cube’ of energy storage

    Kelvin Ross, September 9, 2016 (Power Engineering International

    “Energy storage developers and investors face ‘an unsolved Rubik’s Cube of technologies, regulatory frameworks, revenues and costs’ according to [Pathways to Parity - Market insight series Energy Storage - Towards a commercial model from the UK’s Regen SW, Triodos Bank, and TLT. It concludes that] Britain could have 10 GW of energy storage by the 2030s…[if the government can deliver clear, long term policy and regulations that] support it…[I]n the short term, battery storage projects will tend to focus on rapid response services to support the network…[but it] can deliver a wide variety of critical services…[and co-locating] storage with other renewable technologies including wind or solar developments could be part of the solution which make projects of this nature commercially viable in a subsidy free environment…” click here for more

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