A report released on 2 March by Carbon Trust has suggested that the deployment of energy storage could deliver substantial cost savings for energy consumers.
The analysis, conducted alongside Imperial College London, found that––under National Grid’s “Gone Green” scenario to 2030––the addition of energy storage could unlock system savings of up to £2.4bn/ year. The report said that, on a least-cost pathway, deploying storage could deliver savings of up to £7bn in 2030.
Scottish energy minister Fergus Ewing said: “If Scotland and the UK are to meet our shared ambitions to decarbonise energy and tackle climate change, we must have energy storage. This welcome report demonstrates that investing in storage now will reduce the cost of a future UK electricity system, cutting bills for consumers.”