Upcoming storage boom in UK market

It looks like affordable home energy storage could finally be coming available in the UK

Maturing and more affordable storage technology promises to “revolutionise” the UK solar PV market, according to a panel at today’s Solar Finance and Investment Conference.

Ray Noble, consultant to the Renewable Energy Association, said that while some storage technologies were 10 to 20 years away from being realised, technological advancements in lithium ion batteries – driven largely by the automobile sector – had meant that storage batteries for residential installations could be affordable within two or three years.

The timeline fits well with projections conducted by industry analysts, with IHS having previously forecast grid-connected energy storage installations to surpass 6GW in 2017, almost treble the 2GW+ estimate for 2015.

Read more: Solar Power Portal

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