RenewableUK has published statistics highlighting the rapid development of the energy storage market in the UK.
It released its latest Project Intelligence report on 2 December, showing that the total cumulative capacity of battery storage planning applications had grown from 6,900MW a year ago to 10,500MW. This, it noted, is enough to fully charge over 1mn electric vehicles. It marks rapid growth for the market with applications standing at just 2MW back in 2012.
RenewableUK further outlined how the number of UK companies in the sector has grown to over 450 over the past 12 months, rising from 300, while the average battery project size has also seen a small increase of 27MW to 28MW. It added that the pipeline of storage projects is forecast to keep growing. Furthermore, after BEIS agreed to change the planning rules, an increasing number of grid-scale battery projects of over 50MW are expected.
Barnaby Wharton, Director of Future Electricity Systems at RenewableUK, said: “The pace of change in the industry is hugely exciting. Energy storage has reached a tipping point with major companies entering this new market, providing new services to guarantee the security our energy supplies and maximising the amount of power available, providing massive benefits to consumers.”