Executive Summary

• Grid connection reform in Great Britain is shifting to a “first ready, first connected” model, potentially fast-tracking projects that meet key criteria.
• Battery participation in the Balancing Mechanism is rising, with skip rates improving from 90% to 76% - and record-high revenues seen in late 2024.
• Clean Power 2030 projections show that 3 GW of new battery energy storage must be deployed annually to support grid flexibility and decarbonization goals.

Subscribers to Modo Energy’s Research will also find out:

• How Quick Reserve’s launch could provide a new revenue stream for batteries in 2025.
• Why long-duration energy storage faces investment challenges despite falling costs.
• The role of battery energy storage in a high-renewable grid and how revenues may evolve.

To get full access to Modo Energy’s Research, book a call with a member of the team today.

Introduction

On Thursday 28th November 2024, the Electricity Storage Network (ESN) held its annual conference in London. The conference brings together market participants and policymakers in the electricity storage space in Great Britain - including battery energy storage (BESS) and pumped hydro.

Speakers on the day - including Modo Energy’s - covered topics ranging from battery energy storage revenues, to Clean Power 2030, skip rates in the Balancing Mechanism, and grid connections reform.