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Energy storage lies at the heart of the energy transition and is a key technology necessary to achieve Net Zero. Storage can help address the intermittency of renewables on the grid and also support grid resilience.
In early 2021, Britain recorded its highest prices ever in both the day ahead market and the Balancing Mechanism. This was caused by a combination of factors, including low wind, low temperatures and interconnector outages.
Corporate Partner Caroline Clapham sat down with Ben Guest, Managing Director of Gresham House New Energy and Fund Manager of Gresham House Energy Storage Fund Plc for a fireside chat to discuss how energy storage has evolved over the past five years, what challenges they've faced in developing and acquiring almost 400MW of energy storage in the UK, and what the future may hold for the sector.
