Guidance issued by Britain’s transmission grid operator on how to co-locate energy storage with generation facilities has been welcomed by an analyst at industry group the Renewable Energy Association.
The UK’s Valuation Office Agency (VOA) is calling on the sector to engage with the development of business rates that will be applied to energy storage projects in 2022, including those attached to subsidy-free solar farms.
Changes to the de-rating factors for battery storage projects competing in the UK’s Capacity Market (CM) will push the sector towards longer-duration batteries, while potentially sparking a shift towards energy arbitrage as a source of revenue for shorter duration applications. David Pratt heard from several industry sources following last week’s announcement.
Energy storage could be considered the “great hope” for the renewable energy industry in Britain, according to the head of policy at the Renewable Energy Association (REA).
The British government Department for Business, Energy and Industrial Strategy (BEIS) and energy regulator Ofgem have today released plans for a major upgrade of the UK’s energy system, while a separate huge funding opportunity for battery innovation has been broadly welcomed by industry.
The UK’s main electricity transmission network operator (TNO) National Grid has published a new consultation on its system needs and product strategy which paves the way for a number of new services tenders to be made available from next year.
