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    11 May 2026

    EY: UK ranked third globally for BESS market - Solar Power Portal

    Article Summary

    Key point
    The UK ranks third globally for the Battery Energy Storage System (BESS) market, with capacity projected to reach 24GW by 2030. Upgrades to the National Grid ESO's Open Balancing Platform support this growth.
    Why it matters
    Could ease pressure on household energy bills over time.
    Expected impact
    Likely positive impact — Points to improving conditions in the UK energy market.

    The UK ranks third globally for the Battery Energy Storage System (BESS) market, with capacity projected to reach 24GW by 2030. Upgrades to the National Grid ESO's Open Balancing Platform support this growth.

    What This Means

    The UK's strong position in battery storage is excellent news for energy security and bill-payers. BESS helps integrate more renewable energy, balance the grid, and reduce reliance on expensive fossil fuel peaker plants. This expansion should lead to a more stable and potentially cheaper electricity supply in the long run, as we can store excess renewable energy and use it when needed, reducing price spikes.

    • Consumers: Could ease pressure on household energy bills over time.
    • Businesses: May lower energy overheads or open new savings for businesses.
    • Energy market: Points to improving conditions in the UK energy market.

    From The Source

    Solar Power Portal · 11 May 2026

    This summary and analysis is based on reporting from Solar Power Portal. Read the full original article on their website.

    Read on Solar Power Portal

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