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Attending the UK Electricity Storage Network’s 'Good Storage, Better Storage' event a few days ago, one thing was obvious: energy storage is high up on the UK’s energy agenda. BEIS (Department for Business, Energy & Industrial Strategy) and Ofgem clearly understand what the challenges for energy storage are and that they need to be addressed.
We see these challenges ranging from the lack of definition for energy storage, potentially designing a new asset class and resolving the ownership issue for network operators, right across to market barriers such as the ability to access and effectively stack revenue streams. All in all this provides a glimpse at the plethora of barriers for energy storage that remain in place in the UK today.
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