Monday, February 24, 2025

Battery Energy Storage: Key Drivers of Growth

As the proportion of renewables increases in the electricity network, balancing the supply and demand of electricity is emerging as a common challenge for grid operators. Lithium-based batteries are thought to be part of the solution. Against this backdrop, we take a look at the three key factors that allowed the utility-scale battery energy storage market to take off in the UK: (1) revenue stacking, (2) planning reform and (3) updates to network charging.
Despite the fact that no two grids are identical, as the proportion of renewables increases in the energy mix of electricity networks around the world, balancing the supply and demand of electricity is emerging as a common challenge for network operators. In recent years many developers have turned to lithium-based batteries. Great Britain (GB) has been at the forefront of deployment of utility-scale battery energy storage systems…

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