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Growing interest in battery storage provides more options for FMs

17 November 2017

Secretary of State for Business, Energy and Industrial Strategy (BEIS) Greg Clark has highlighted the growth in large-scale, low cost energy storage battery technology in a recent speech.

Delivered to the Institute of Energy Economics, he said the development had seen batteries outbidding more conventional power generation technologies in the "capacity auction".

This was increasingly linked to smart technologies and although much of this has been developed for home owners, there are many options available for commercial use that will apply to a variety of facilities.

Mr Clark also highlighted the government's Faraday Challenge, launched to assist the commercialisation of the UK's emerging battery technologies.

BSRIA senior market research consultant Henry Lawson said his organisation has analysed developments including sustainable energy, smart grid and energy storage "for quite a few years now".

He described the supply of affordable, efficient and safe energy storage as "one of the crucial cogs in the engine that is driving the green revolution forward", but stated that this needs to be further supported by more activity.

"There is also growing recognition of the potential for deploying battery storage in non-residential buildings," he continued.

Although return on investment has been return on investment periods being too long, there is now scope for innovative financing schemes to help bridge the gap.

"Battery storage can make on-site generation of electricity through solar or wind power more attractive as surplus energy can be stored for use when it is most needed," said Mr Lawson.

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