New Govt Rules May Cripple New Battery Storage Projects

It does appear that the UK government is starting to see sense, hopefully more to follow. Repeal the Climate Change Act?

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

It looks like the government has finally woken up to the inconvenient realities about energy storage.

From PEI:

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The UK has announced changes to its capacity market auctions that could significantly reduce the number of new energy storage projects able to participate.

The changes, announced today by the Department for Business, Energy, and Industrial Strategy (BEIS), would cut de-rating of battery projects by 80 per cent in upcoming auctions. As a result, participating in the auction could become unprofitable for short-duration battery projects.

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