Over 9,000MWH of battery energy storage could be deployed in Britain over the next 5 years as the renewable sector enjoys a trend towards “explosive growth” driven largely by the country’s clean energy transition!
At the end of 2017 alone the UK’s utility scale battery storage pipeline reached nearly 8GW, with over 1.3GW of battery storage projects being submitted since the beginning of September 2017 alone.
Lauren Cook a Solar media market researcher found that in just 12 months, the UK’s pipeline for new battery storage projects has grown over 240%, with forecasted installations in 2018 set to rise more than 200% year-on-year. Opportunities are being created by a range of factors including a commitment to phase out coal and falling new technology costs.
The UK market is growing and changing rapidly and once global companies start to see it’s not just a speculative market, it won’t be long before they start to enter the market themselves.
Many of the projects noted by Cook have already been completed or are under construction as standalone projects with battery storage yet to be put into place. However, this may be due to Ofgem having only recently closed its consultation period for those seeking to add energy storage to their RO and FIT accredited sites.
Cook said of this “The solar farms tend to be owned by large investors so they have less of a need to take risks on new technologies. A lot of these companies are still coming to terms with battery storage and what it means for their business. They will be looking at adding storage to their solar assets but I’m not sure if they are ready to take it on a large scale”
However, she added storage developers are already looking to bypass this uncertainty by considering the other advantages of co-location, particularly the savings in cost associated with sharing the grid connection and infrastructure already in place at existing solar farms. In 2107 the interest in battery storage in the UK led to the generation of completed projects and new opportunities.
As this technology continues to grow and regulations become clearer, 2018 will see even more projects being completed and successful business models being revealed. With this in mind in megawatt-hours, battery storage capacities installed in the UK by the end of 2022 are predicted to be 50 times what they were at the end of 2017!