Wholesale power market increasingly attractive for UK battery operators

UK power battery storage operators are likely to enter the wholesale and balancing power markets over the next couple of years amid increasing price volatility driven by further renewables build-out, according to Stuart Fenner, head of energy trading services at EDF.

Significant balancing issues have plagued the UK power grid as intermittent renewables take up a larger share of the generation stack. This brings an increasing need and opportunity for flexibility via battery storage assets to help facilitate a transition towards achieving net zero.

Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.

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