The impact of high gas prices has emphasised the need to invest in storage technologies, the Electricity Storage Network (ESN) has said. The volatility shows the importance of building out storage systems to provide resiliency to the grid as it weans off fossil fuels and renewables grow, said the ESN. Currently there is over 1GW of battery storage connected to the electricity system in Britain. ESN’s analysis shows that there is a pipeline of a further 6-8GW with planning permission and a grid connection agreement in place. Under the right conditions, these could be built out over the coming years. The battery storage market in Britain has gone from strength to strength in recent years, with Solar Media’s research suggesting that in total there is now over 20GW across 800 utility-scale battery storage projects in the pipeline. This was particularly bolstered by a surge of applications in Q2 2021, with 3.2GW across 59 sites submitted, of which 92% were for sites larger than 30MW.
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Thermal energy storage firm Sunamp has received a £6 million convertible loan note investment from the Scottish National Investment Bank. This funding will be used to increase its sales in the UK, scale up production – with the company currently having a UK manufacturing facility on the outskirts of Edinburgh and plans to open its first overseas manufacturing facility under licence in Korea in October – and to accelerate its international expansion. Specifically, it expects to expand in China, Korea, Germany, the Netherlands, France, Ireland, Chile, Canada and the USA, with recruitment underway for roles in sales, support and manufacturing.
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