Research from Cornwall Insight has shown the government will need to spend 18% of its total energy technologies investments on battery storage to stabilise the energy market and meet 2030 renewable goals
Senior Modeller Tom Edwards spoke to City AM on why a new mix of power generation will increase the need for batteries.
The shift in power markets will significantly alter the operation and development of the power generation mix, making prices more volatile and more exposed to weather and demand patterns. This will necessitate the development of back-up technologies to carry the system through when the wind does not blow, and the sun does not shine.
Tom Edwards
