Energy Storage News•about 2 months ago
UK’s approved BESS pipeline grows to 162GWh, nearly 22GWh under construction
Key Takeaway
The UK's rapidly expanding BESS pipeline signals a maturing market with significant opportunities for developers and improved grid stability for large power consumers.
AI Summary
- •UK's approved BESS pipeline has grown to 162GWh, with nearly 22GWh currently under construction, indicating a robust and rapidly expanding market.
- •An additional 4GWh of BESS projects received planning consent in October, highlighting continued project momentum and development opportunities.
- •For developers, this signifies a strong market with increasing competition, while for large power consumers, it suggests improved grid stability, enhanced ancillary services, and potential for reduced price volatility.
- •The consistent approval of large-scale BESS projects points to a supportive policy and regulatory environment in the UK for energy storage deployment.
Topics
capacity-marketfinancinginterconnectpolicystorage