The Energy Bill currently going through parliament recognises that energy storage will be instrumental in supplying the UK with stable, secure energy whilst also decarbonising the grid. One of its key objectives is to ensure the safety and resilience of the UK energy system by re-classifying battery energy storage systems (BESS) as a distinct subset of energy generation.
The Review of Electricity Market Arrangements (REMA) consultation, launched by the Department for Business, Energy & Industrial Strategy in July and closing this month, goes one step further. It states that the country will need access to unprecedented levels of investment in low-carbon technologies including low-carbon generation and electricity storage in order to completely decarbonise the grid by 2035.
Why is battery energy storage so necessary at both the national and individual level, for businesses? Well, to begin, any organisation with an annual energy bill of over £500k will...