The UK’s nascent energy storage sector is surpassing all expectations and is set to deliver close to 7GW of capacity in the next few years, over a decade earlier than previously thought. That is the conclusion of a new analysis by trade bodies RenewableUK and the Solar Trade Association (STA) published ahead of the groups’ first energy storage conference in London today. It shows that planning applications for new battery storage projects have soared from just 2MW of capacity in 2012 to a cumulative total of 6,874MW today. Crucially, the bulk of the pipeline of proposed projects has a good likelihood of being built. Currently 92 per cent of storage projects secure planning permission from their first application, while investors are increasingly attracted to projects that promise to tap into a range of new revenue streams through the grid balancing services they can offer. The analysis forms part of a new database, which will allow RenewableUK members to access comprehensive information on nearly 400 UK energy storage projects.
Business Green 5th Nov 2018 read more »