Investment in flexible power systems including energy storage in the Great Britain electricity market will hit £6bn by 2030 according to Aurora Energy Research.
The analysis revealed ahead of the company’s Battery Storage and Flexibility conference in London today identifies the development of around 13GW of distributed, flexible power generation and storage assets.
Innovative business models are emerging for flexible and distributed assets, including co-location with renewables and new trading strategies, it said.
Portfolio diversification was said to be also boosting flexible asset investment cases.
“Gas engines, batteries and renewables provide a natural hedge, protecting investor returns against market uncertainties,” it added.
At the conference, Aurora chief executive John Feddersen will highlight how flexible and distributed assets are becoming a mainstream part of the GB power system.
“There has been a visible shift in the way such technologies are being regarded and what may once have been seen as a high-risk investment is now considered a strategic long-term investment,” added Anesco executive chairman Steve Shine.