LONDON (ICIS)–A new 320MW electricity battery
project in the UK approved by the department
for business, energy and industrial strategy
will boost the country’s transition to a
wind-dominated generation stack.
The InterGen Gateway project in Essex will be
operational in 2024 and construction is
scheduled to begin in 2022.
This project will make up approximately one
third of the UK’s current total battery storage
capacity and is the biggest of its kind in the
UK so far.
Aaron Lally, managing partner of a storage
asset managing company VEST Energy, said he
expected more projects of this size to follow.
“It will be interesting to see how investment
funds in the battery space adapt to new
competitors, who hold decades of experience
trading and monetising assets in the short and
long term electricity markets,” he said.
According to VEST energy, UK storage capacity
is projected to
increase tenfold by 2025 .
Offshore wind should take up a larger portion
of power generation as the UK inches closer
towards its long-term net zero targets, and the
UK grid will look to be less reliant on gas and
nuclear based generation.
Due to uncontrollable and unplanned periods of
generation, a largely renewables powered grid
would result in
more balancing issues , of which storage
assets have already been
proven capable of mitigating .
The increased availability of storage capacity
would allow for a more efficient application of
renewable energy as they can take off excess
energy off the grid when it is oversupplied and
provide capacity when it is short.