22.05.2018

Is the UK ready to be a new storage leader?

"Electricity markets globally are undergoing a transformation led by the emergence of digitalisation, decentralisation and decarbonisation. The proliferation of renewables, the transforming grid, and the rise of the prosumer have driven the need for electricity storage (storage) to become an indispensable part of this transition. Storage resources have a myriad of applications across the entire value chain including seasonal storage, frequency response, transmission and distribution services, domestic storage and electric vehicles. While the UK is anticipated to be one of the 8 leading countries for storage by 2030, it is currently ranked behind USA, China and Japan: China’s market share of lithium-ion battery forecasted to grow to 65% of total global market by 2021. Moreover, only one company in Cleantechnica’s list of “43 Battery storage Companies to Watch” in 2015, had headquarters in the UK. How does the UK then realise its aspirations?..."

Read the full article at: https://www.gemserv.com/wp-content/uploads/2018/04/Is-the-UK-ready-to-be-a-global-storage-leader.pdf