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battery storage
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Press Releases
Cornwall Insight help Zenobē secure £147 million battery storage investment
Cornwall Insight acted as an advisor for Zenobē in securing a £147 million project finance debt for its Kilmarnock South battery storage project. This 300MW/600MWh project marks a key point in Scotland’s renewable energy journey, promising to reduce the amount of wind farm curtailment and avoid CO2 emissions by 3.4...
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Press Releases
Reform of electricity network charges and balancing markets could fast-track energy transition
Reforming charges for using the electricity network and reviewing how generators and customers provide flexibility to the system, could accelerate cost-effective decarbonisation of the electricity system, and help GB meet its net-zero targets. A new report1, from Cornwall Insight in partnership with SSE, explores how rethinking the Transmission Network Use...
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Press Releases
Integrated energy solutions could cut cost of UK wholesale market by 25%
Modelling from Cornwall Insight has shown that in 2035 widespread use of integrated energy solutions could save the UK's wholesale energy market £13bn per year, representing a 25% cost reduction. The data is included in the independent research paper ‘Integrate to Zero’ prepared by Cornwall Insight and commissioned by the...
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Press Releases
Battery storage to be a quarter of Ireland’s installed energy capacity by 2030
Data from Cornwall Insight Ireland’s - ‘All-Island Power Market Outlook to 2030’ paper - has shown battery storage capacity will grow to become nearly a quarter (24%) of Ireland's installed energy capacity by 2030. The crucial technology will work to stabilise the network, as Ireland becomes more reliant on renewables...
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Press Releases
UK Government must spend £20bn on energy battery storage to meet 2030 renewables targets
Modelling from Cornwall Insight on Great Britain’s (GB) Power Market out to 2030 has shown that between 2025 and 2030 the government must spend nearly a fifth (18%) of its total energy technologies investment, which includes solar, wind, nuclear and Carbon Capture and Storage (CCUS), on energy storage batteries, if...
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Press Releases
26GW of announced battery storage in the Australian pipeline
Research from Cornwall Insight Australia shows that the pipeline of proposed storage is growing substantially to over 26GW of announced projects in the market and that the expected technical lifetime of those assets is increasing. As a result, Cornwall Insight Australia has announced an increase in its Frequency Control Ancillary...
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Press Releases
Scotland sees the largest increase in renewable pipeline capacity
According to Cornwall Insight's 'Renewables pipeline tracker', most regions across Great Britain (GB) showed a net increase in total pipeline capacity between April 2020 and March 2021. Displayed by distribution network operator (DNO) region for visualisation purposes and accounting for projects due to connect to the transmission network, Central and...
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Press Releases
7GW of battery storage projects in the pipeline across Australia
Projections from Cornwall Insight Australia show there is ~7GW of battery storage projects proposed or currently in the planning process. Of that 7GW there is just over 900MW of committed or significantly progressed storage projects set to be delivered by 2024. Key findings ~7GW of battery storage projects either proposed...
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Press Releases
Increasing value for battery storage to shift generation
The Federal Government announced last week that they would step into the electricity market to build up to 1,000MW of gas-fired generation to fill the gap left by the Liddell Power station for the 2023-24 summer unless the market can demonstrate final investment on dispatchable power by 2021. Since then,...
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Press Releases
Batteries see 149% increase in Balancing Mechanism activity
Research from Cornwall Insight highlights that there are significant changes in the technology type that has been providing balancing actions to the National Grid Electricity System Operator (ESO), with activity from newer asset types seeing the greatest year-on-year increase. Accepted volumes in the Balancing Mechanism (BM) from identified batteries, gas...
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Press Releases
New competition for upcoming Capacity Market auctions
Research from Cornwall Insight’s Capacity Market Forecast highlights that the recent changes in Capacity Market (CM) rules and the technology mix will see greater competition and change in the technology entering* the T-4 auction in March 2021 compared to the previous T-4 auction. Forecasted changes to the technology mix entering...
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Press Releases
Renewable pipeline shows evidence of developer appetite
Research from Cornwall Insight’s Renewables Pipeline Tracker reveals there is ample evidence of developer appetite for future renewables investments in the UK. The research highlights the total capacity of tracked sites in the pipeline stands at 38.7GW across 845 locations. The majority of projects are classed as ‘awaiting construction’, accounting...
