facebook
36 Utility Speakers Already Confirmed!

INDUSTRY NEWS

National Grid Warns Storage Developers
13
Nov

Storage developers warned not to rely solely on revenue from grid balancing

National Grid’s head of business development, Claire Spedding issued a warning to battery storage developers last week over a potential reliance on FFR.

With battery storage having increased dramatically in recent times, Spedding warned of market saturation and suggested that current developers must continue to progress and adapt when it comes to protecting their revenue streams rather than ‘putting all of your eggs in one basket’.

The UK system operator has used battery storage as a powerful means of procuring capacity, and currently balances supply and demand through monthly Fast Frequency contracts. As a result of this, Spedding states, it is imperative that all involved are prepared for change, “Things are going to change and they’re going to change rapidly. It’s really important that we’re prepared for the change and that we can move rapidly with it as well.”

She added, “I would make one appeal, which is: don’t put all of your eggs in one basket and build your entire business case around FFR. It’s getting increasingly competitive and as you get more participation in the market the prices are going to cool down and we need to be looking at other revenue streams and stacking revenue streams together.”

Read the original article

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

How to create a level playing field for storage systems

Definition of storage The general definition for storage is: Storage is the result of an action or method of storing or buffering something – and most importantly – for future use. There is a variety of Energy Storage (ES) systems. The majority of systems are so called power-in-power-out type of solutions. E.g. batteries fall into…

Read More

Why The Business Case For Energy Storage Depends on The Weather

According to Dr Björn Peters, a speaker at our upcoming energy storage forum, putting weather patterns as a main variable within a business case analysis will show where energy storage makes more sense, and in some cases a critical decision. For off-grid mining operations in hot climates, for example, there might be a better business case…

Read More

Carbon Proton Battery

Carbon Proton Battery Stores As Much Energy As Lithium Battery In Lab Tests

“Will anything match lithium-ion batteries for energy density?” is a frequently repeated question. It’s certainly not in the cards in the next few years. But the research coming out of Australia’s RIMT University in Melbourne says that one day, it’s possible – with a carbon proton battery. The research team have designed and built a…

Read More