UK shows ‘considerable confidence’ in energy storage as 3.2GW win capacity contracts

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Grid-scale batteries have received a boost in a recent capacity market auction in the UK. Source: Younicos.

The number of battery storage projects to have won 15-year contracts in the UK’s latest Capacity Market auction is a sign of “considerable confidence” in the technology, according to the director of the Electricity Storage Network.

The results of the latest T-4 auction published on Friday morning show that contracts totalling 3.2GW have been awarded to storage projects, with a proportion expected to be met with batteries.

In a departure from normal results in which the technology fails to gain more than a four year contract, a number of projects ranging in size have successfully secured long-term contracts usually awarded to other projects classed as new or existing generators.

Speaking to PV Tech sister site Energy Storage News, Anthony Price, director of the UK’s Electricity Storage Network, said the results showed a step-change in confidence in the technology.

“There was no reason why storage could not participate in the long term contracts [but] some folk in the industry didn't feel necessarily comfortable [that] storage technologies had matured sufficiently.

Read the full story on Energy Storage News

6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

Read Next

September 6, 2021
Quanta Services has entered into a definitive agreement to acquire Blattner Holding Company, a utility-scale renewables solutions provider that has overseen more than 12GW of installed solar assets, in a deal worth US$2.7 billion.
September 6, 2021
A coalition of 347 organisations has warned that potential changes to California's policy support for rooftop solar could set back climate change progress and harm low-income access to solar energy.
September 1, 2021
Vietnam officials have teased new details of a scheme designed to replace the country’s successful solar feed-in tariff (FiT) policy.
August 24, 2021
Solar and storage developer Elgin Energy has closed a deal with Berenberg that will see the German bank finance the development of 1.36GWp of its PV portfolio.
August 20, 2021
Power outages and grid failures as a result of recent extreme weather events are driving the adoption of solar and storage systems among US homeowners, new research from SunPower suggests.
August 16, 2021
The California Energy Commission has approved rules that would require new buildings, including multifamily housing and commercial structures, to be equipped with solar and battery storage.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021