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Storage
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Press Releases
Embracing off-peak electricity use and home generation could save billions in energy costs
New analysis from Cornwall Insight and Smart Energy GB has revealed the substantial cost-saving potential of household flexible electricity initiatives such as time-of-use tariffs, smart meters, solar PV, and batteries. The data reveals national wholesale and system electricity costs could be cut by an annual £4.6bn in 2030 and £14.1...
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Press Releases
New forecast warns power prices to remain elevated until late 2030s
Cornwall Insight has unveiled its latest GB Power Market Outlook to 2030, revealing that power prices in Great Britain will not shift below pre-2022 levels until the late 2030s. The report cites the surging demand for power as the main driver behind this trend, as the move to electric heating...
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Media Mentions
Business Green| Long-duration storage
Lead Research Analyst Matthew Chadwick spoke in Business Green on the joint Cornwall Insight and DLA Piper report on energy storage - ‘Ready and waiting: Opportunities for energy storage’. Matthew emphasised the opportunities the UK had to expand storage capacities, boost flexibility, and actively contribute towards the UK’s net zero...
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Press Releases
Development of long-duration energy storage vital to achieving net zero targets
A new report, jointly authored by Cornwall Insight and global law firm DLA Piper, has highlighted the urgent need for financial incentives to speed up the development of long-duration energy storage systems, which are crucial for meeting the UK’s ambitious net zero goals. As more renewables enter the market, energy...
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Press Releases
European gas shortages to keep wholesale prices high this winter and next
New modelling from Cornwall Insight included in our report - ‘Another winter of discontent?’ - has shown wholesale gas prices this December have more than doubled since November and are significantly higher than this time last year. The report forecasts this trend could continue throughout the winter and beyond (Figures...
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Press Releases
Cornwall Insight Australia advisor to Aquila Capital on acquisition of 220MW battery portfolio
Cornwall Insight Australia was an advisor to Aquila Capital on its acquisition of a pipeline of battery storage assets, totalling 220MW, from Spain’s Gransolar Group. As a leading provider of research, modelling, advisory and consultancy services to businesses engaged in the Australian energy market, experts at Cornwall Insight Australia used...
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Media Mentions
PV Magazine | Battery storage project
Our Consultancy project with Still Waters Green Technology (SWGT) to secure the £12m non-recourse Phase One with Santander UK was featured in PV Magazine. T We are delighted to have advised SWGT on this landmark transaction. Cornwall Insight used its high-quality flexibility and battery storage modelling capabilities and wider support...
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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
Cornwall Insight advises Still Waters Green Technology for its 30MW flagship battery storage project
Cornwall Insight, an energy consultancy, research, and analytics company, is pleased to announce that it has advised Still Waters Green Technology (SWGT) to secure the £12m non-recourse Phase One Financial Close with Santander UK. The deal was announced in November and will see a 30MW utility-scale battery storage project built...
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Media Mentions
Engerati | Flexible asset PPA deals
Our research from our Flexible asset PPA market report showing that there is currently around 10.8GW of operational flexible capacity in the GB market featured in Energrati. The number of market participants that are providing PPA/optimisation deals is also growing. Currently, there are more than 20 offtakers (broadly defined as...
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Press Releases
Pixie Energy’s study demonstrates the benefits of local flexibility
Last year, the Department for Business, Energy and Industrial Strategy (BEIS) provided funding to support a range of Flexibility Market Feasibility Studies. Pixie Energy, as part of a consortium including Ipswich Borough Council and Suffolk County Council, led a study based in Ipswich. The Ipswich Flexibility Feasibility Study analysed mechanisms...
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Press Releases
Collaborative project involving Pixie Energy awarded funding by BEIS
Pixie Energy – a subsidiary of Cornwall Insight Group – in collaboration with Powervault and Sustainable Venture Development Partners has been awarded funding by the Department for Business, Energy and Industrial Strategy’s (BEIS) domestic demand-side response (DSR) competition. The funding was allocated for the Whole House Energy Management for DSR...
