energy storage

  • Press Releases

    Battery storage increasingly setting the price in FCAS markets

    Research from Cornwall Insight Australia shows a clear trend in regulation raise price setting in the Frequency Control Ancillary Services (FCAS) market with respect to battery storage. In fact, in Q119, batteries were only involved in ~2.22% of instances. This has increased to ~3.73% in Q120 and is now at...

  • Press Releases

    Scotland sees the largest increase in renewable pipeline capacity

    According to Cornwall Insight's 'Renewables pipeline tracker', most regions across Great Britain (GB) showed a net increase in total pipeline capacity between April 2020 and March 2021. Displayed by distribution network operator (DNO) region for visualisation purposes and accounting for projects due to connect to the transmission network, Central and...

  • Press Releases

    7GW of battery storage projects in the pipeline across Australia

    Projections from Cornwall Insight Australia show there is ~7GW of battery storage projects proposed or currently in the planning process. Of that 7GW there is just over 900MW of committed or significantly progressed storage projects set to be delivered by 2024. Key findings ~7GW of battery storage projects either proposed...

  • Press Releases

    Cornwall Insight advises Still Waters Green Technology for its 30MW flagship battery storage project

    Cornwall Insight, an energy consultancy, research, and analytics company, is pleased to announce that it has advised Still Waters Green Technology (SWGT) to secure the £12m non-recourse Phase One Financial Close with Santander UK. The deal was announced in November and will see a 30MW utility-scale battery storage project built...

  • Press Releases

    Cornwall Insight comments on a month of Dynamic Containment

    On the 1 October National Grid ESO launched its new frequency response service, Dynamic Containment. This is the first in a suite of new, faster-acting response services, designed to address significant deviations when they occur on the transmission system. The roll-out of this new post-fault response service aims to help...

  • Press Releases

    Ireland will need to more than double its renewable capacity over the next 25 years to meet 2050 targets

    Findings from Cornwall Insight's 'All-Island forward curve' – a comprehensive market and asset-level power price modelling service – shows that Ireland will need to more than double its renewable capacity over the next 25 years if it is to meet net zero emissions by 2050. The below table shows how...

  • Press Releases

    Increasing value for battery storage to shift generation

    The Federal Government announced last week that they would step into the electricity market to build up to 1,000MW of gas-fired generation to fill the gap left by the Liddell Power station for the 2023-24 summer unless the market can demonstrate final investment on dispatchable power by 2021. Since then,...

  • Press Releases

    Batteries see 149% increase in Balancing Mechanism activity

    Research from Cornwall Insight highlights that there are significant changes in the technology type that has been providing balancing actions to the National Grid Electricity System Operator (ESO), with activity from newer asset types seeing the greatest year-on-year increase. Accepted volumes in the Balancing Mechanism (BM) from identified batteries, gas...

  • Press Releases

    New competition for upcoming Capacity Market auctions

    Research from Cornwall Insight’s Capacity Market Forecast highlights that the recent changes in Capacity Market (CM) rules and the technology mix will see greater competition and change in the technology entering* the T-4 auction in March 2021 compared to the previous T-4 auction. Forecasted changes to the technology mix entering...