Ofgem’s decision to classify energy storage as a subset of generation must be a “stopgap measure” until parliamentary time is found. This is according to the Renewable Energy Association (REA), suggesting that defining storage as its own asset class in primary legislation – a solution “strongly argued” for by the energy sector – would be preferable. Ofgem announced it would be pressing ahead with including a definition of storage in the electricity licence on Friday (2 October), meaning the same rules and regulations will apply to the technology as other forms of generation from 29 November 2020. Classifying storage as a subset of generation would allow the industry to work within a framework that is already familiar to them, but that giving it its own asset class could result in a framework that would allow the technology to flourish and potentially result in the markets being shaped in a “better way”.
Current 5th Oct 2020 read more »
Europe’s residential battery energy storage systems (BESS) market is expected to continue its upward trajectory in the coming years after 745MWh of additional capacity was installed in 2019, representing a 57% increase year-on-year. That’s according to new analysis from trade body SolarPower Europe, which says total installed capacity reached almost 2GWh at the end of 2019 and revealed that a “significant untapped market potential” exists as only 7% of European residential PV is coupled with battery storage.
PV Tech 5th Oct 2020 read more »