Featured in Material change – 03-2024

Hanging in the balance

Battery storage revenues in Britain are well below historic highs but an appetite for storage capacity remains. Electricity system-operator modernization, increased competition, and new opportunities could all shape the future of British battery energy storage systems (BESS’).

By

Matthew Lynas

11 Mar 2024

Questions linger about the role vehicle-to-grid technology could play in balancing electricity supply and demand. | Photo: Rimvydas Chmieliauskas/Elinta Charge

The revenue stack for utility-scale battery storage is evolving in the United Kingdom. Changes to the way Great Britain’s electricity system operator (ESO) National Grid ESO operates – combined with increasing installed capacity – are reshaping the landscape. It’s a market in transition, as the first integrated national grid in the world navigates some of …

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