This report examines the potential for energy storage deployment in the UK, and provides the first forecast of its likely extent.
The report, which focuses on battery technologies, also provides analysis of a range of electricity storage applications as investment propositions, together with figures on the level of deployment to date in the UK.
Eunomia’s analysis suggest that ‘behind the meter’ applications, installed by energy users are the most attractive investment proposition, given growing differences between peak and off peak retail prices, coupled with increasing charges from the distribution and transmissions operators. With minor regulatory changes, however, the installation of batteries into the distribution network could also become a major contributor to increased grid flexibility, whilst also increasing capacity for more renewable generation.
