Management consultancy Baringa Partners are delivering this new project to develop the capability to improve understanding with regards the future role of energy storage and the provision of cross-vector system flexibility within the context of the overall UK energy system.
The project is split into two stages:
The first stage will provide a modelling framework that will help us to understand the services that storage and flexibility could provide for multiple energy vectors electricity, heat, hydrogen and gas at different time and space resolutions. It will provide a detailed examination of the operation of storage within the energy system and an assessment of its near term (5-10 years) market potential.
The second stage will enable the developed modelling framework to operate in conjunction with other ETI models, such as its Energy System Modelling Environment. This will allow the ETI to undertake assessments of long term energy system scenarios to fully understand the role for storage and flexibility.
The project will also seek to identify the policy and market arrangements to determine the commercial viability of energy storage, the shape of potential future energy storage markets and the regulatory factors that would be required for such an operational market.