Energy Storage
A Strong Store of Value
Policy support for long duration energy storage in the UK looks set to use a cap and floor model which we see as a positive move, helping to reduce funding uncertainty for projects going forward. The consultation identifies a need for long duration flexible electricity capacity of at least 30GW and up to 50GW by 2035, making this an important area of opportunity in the UK power market. The consultation closes on 5th March so we could see final policy being announced during 2024.
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Invinity Energy Systems: designer and manufacturer of stationary vanadium flow batteries for utility-grade, grid-scale, commercial and industrial (C&I), and microgrid applications.