This project is a study by Loughborough University to develop business cases and routes to commercialisation for community energy schemes with storage. This includes consideration of the advantages of community energy schemes utilising storage including security of supply, grid support and the cost of energy vs potential barriers.
This final report summarises the work completed during the project to develop and demonstrate business case opportunities for community energy schemes with storage.
This study explores the potential for energy storage to contribute to the delivery of resilient, low carbon and cost effective community-scale energy systems in order to provide insights for a range of stakeholders, including project developers, investors, policy makers and community organisations. The work involves an integrated analysis of a number of candidate community-scale energy business models comprising both electrical and thermal energy storage, and the roles of key stakeholders involved in financing, delivering and operating such projects. It also includes the results of techno-economic modelling carried out for a range of technical platforms comprising embedded energy generation technologies utilised together with electrical and thermal energy storage systems. The insights provided are intended to underpin decision making in policy development, investment planning and project delivery as part of the UK’s journey towards a cost-effective low-carbon energy infrastructure.