British renewable energy developer Anesco is expecting to install approximately 380 MW of new storage capacity in the UK by 2020.
In its announcement, the company said that new opportunities in this market are currently being created by the balancing mechanism and growing demand for storage retrofit. “We have long recognised the potential and importance of battery storage for the UK’s energy mix, and have invested heavily in making sure it is a commercially viable option for investors and commercial organisations alike,” the company’s CEO, Steve Shine asserted.
Anesco also claims to have developed the “most accurate modelling tool available” for the storage business in the country. The new tool would be able, among other things, to forecast whole life cost, IRR and long-term revenue streams, “the numbers that really count”, according to the company.
The company currently operates 87 MW of storage assets across 29 operational sites, comprising 76 individual battery units across the United Kingdom. Furthermore, Anesco is expecting to switch on another 50 MW project currently under construction in Hampshire, along with other unspecified storage projects, by the end of this year.
Shine also said that Anesco has further invested in research and development in its solar business. “We remain the first and only company to offer retrofit co-location with existing solar farms, and are the only UK company to achieve subsidy-free solar. Our experience, combined with this strong track record, puts us in a great position moving forward,” he added.
Anesco commissioned its first UK’s first subsidy-free solar farm, complete with storage, in December of last year.