UK Battery Capacity to Quadruple Even as Profits Squeezed
- LCP Delta projects a fourfold increase in capacity by 2030
- Lower power market volatility will curb returns: LCP Delta
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Investors piling billions of pounds into the UK grid-scale battery sector will drive a fourfold increase in capacity by 2030, even as profit margins are squeezed.
Less volatile power markets are likely to curb margins from the peaks witnessed in 2021 and 2022, but there will still be opportunities for long-term investors looking for sustained growth, according to report by consultancy LCP Delta. Batteries are key for storing cheap renewable power at times when the grid is over-supplied, while unleashing it when demand and prices are higher.