What is the future of energy storage in the UK?
The UK’s energy storage market continues to experience strong growth. In 2024, operational capacity of energy storage resources was 4.6 GW/5.9 GWh, which was projected to increase to 7.4 GW/11.6 GWh by the end of 2024. Moreover, the future looks promising, with total planned capacity for energy storage projects of 85 GW/175 GWh.
Why does the UK need long-term energy storage?
In May, the predecessor Environmental Audit Committee (EAC) warned that the lack of long-term energy storage in the UK was driving the importation of gas so as to balance the nation’s energy needs. Market, policy and regulatory barriers were all holding back the development of long-term energy storage.
What is UK energy storage?
UK Energy Storage by the REA is the trade body for storage technologies of every type and scale in the UK, whatever the application. The body exists to further the aims of energy storage companies and establish a clear marketplace and policy framework.
How can storage technology benefit the UK energy system?
Storage technologies are able to absorb and release energy when required and provide ancillary power services which help benefit the power system. The storage industry can therefore deliver tremendous benefits for system stability and security of supply as well as helping to decarbonise UK energy supplies.
Does the UK have a framework for energy storage?
Until the much-awaited Energy Act 2023 was issued, the UK legislative arsenal did not include a specific framework for energy storage.
What is the UK's energy storage Investment Support Scheme?
Credit: David Pimborough / Shutterstock. The government of the UK has launched a new investment support scheme aimed at bolstering the country’s energy storage infrastructure. The initiative aims to encourage the development of long-duration energy storage (LDES) facilities, which have not seen significant investment in nearly four decades.
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