Forecasts from National Grid ESO (“NG ESO”) suggest the UK needs 40 GW of electricity storage by 2050 to meet the UK Government’s pledge of net zero by 2050. This article discusses the different revenue opportunities for battery storage in the GB market, its evolution over time and the outlook for the business case.

The occurrence of periods where power prices drop below zero, a phenomenon referred to as negative prices initially may appear alarming, especially to those unfamiliar with the intricacies of energy markets. However, negative power prices are not as detrimental as they first might seem, in fact they signal very positive trends and opportunities in the energy
sector.

In recent years, the world has witnessed a remarkable transformation in the energy sector, with new investments in renewable energy reaching an unprecedented $673 billion during 2023, a 10% increase from the previous year.

NextEnergy Capital creates long-term, shared value for the communities around our projects because our people come first. Prioritising the needs of our landowners and communities starts from a shared respect for the land. NEC knows that we are stewards of the land and that we can enhance people positive outcomes by unlocking the natural capital potential of our funds.

Energy storage bridges the gap between energy generation and demand. Batteries store renewable energy at times of excess generation over demand, like on sunny and windy periods, and redistribute that energy to the grid when demand rises.

The relationship between people and nature is intricate. Solar has the power to create positive outcomes for both.