Pipeline Of UK Energy Storage Projects Grows By Two-Thirds Over Last 12 Months
The title of this post, is the same as that of this press release from RenewableUK.
These four paragraphs summarise the data.
A new report released today by RenewableUK shows that the pipeline of energy storage projects which are operational, under construction, consented or being planned has increased by more than two-thirds over the last year in terms of capacity.
Batteries play a key role in our modern flexible energy system, helping grid operators to finely balance the supply of electricity to meet demand at all times.
Our EnergyPulse Energy Storage report shows that the total pipeline of battery projects has increased from 50.3 gigawatts (GW) a year ago to 84.8GW, an increase of 68.6% (34.5GW).
Operational battery storage capacity has grown to 3.5GW, and the capacity of projects under construction has reached 3.8GW. A further 24.5GW has been consented, 27.4GW has been submitted in the planning system and 25.7GW is at an early stage of development but yet to be submitted. This chart shows the total UK battery portfolio in megawatts (MW).
Note.
- I find the bare statistics very heartening, as how often do you find any industry, that will be positive for the future of the planet, that increases in size in a year by 68.6 %.
- Having been involved a couple of times in my life, with funding high growth markets, I suspect that in part this growth is happening, because banks, insurance and other financial companies are prepared to fund schemes that are proposed.
It is worth reading the press release in full, as it flags up are several interesting points.
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