According to Wood Mackenzie, the UK is expected to lead Europe's large-scale energy storage installations, reaching 25.68 GWh by 2031, with substantial growth anticipated in 2024.
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Wood Mackenzie has predicted that the UK will add 25.68GWh of new grid-scale energy storage capacity during the period 2022-2031, more than twice the amount that will be added by Europe’s second fastest-growing market, Italy. More due diligence required in future
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Currently in the UK, there is 1.6 GW of operational battery storage capacity mostly with 1-hour discharge duration, i.e. 1:1 ratio of energy to power, GWh to GW. The maximum installed volume of PHS is 25.8 GWh with 2.74 GW of capacity, a much higher ratio. In recent years, there has been a surge in the pipeline of battery energy storage projects.
Kelly Loukatou, one of the ESO’s energy insight leads, considers the role energy storage plays in the current energy landscape and how this is likely to develop. Energy systems need to continuously match supply and demand to ensure that electricity is delivered securely to UK houses and businesses.
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