With growing levels of variable renewable energy in the generation mix, flexibility is critical to delivering secure, low-carbon energy systems. Battery storage provides a vital solution to support the integration of variable renewable generation.
By capturing and storing electricity at times of surplus and discharging it when there is a shortage or additional demand, batteries can deliver flexibility by ‘time shifting’ the delivery of clean, dispatchable power. This helps to match renewable generation with demand from energy consumers.
With sub-second response times, batteries can also provide additional grid services, driving efficiencies and supporting the stability of the network. Ultimately, this strengthens grid resilience and enables a higher penetration of renewable generation in energy systems.
To succeed with battery storage requires a deep understanding of power markets and specialist technical capabilities to find the best investment solutions. Eku Energy combines a local partnership approach with a data-driven understanding of global financial and energy markets. This enables the team to identify optimal project locations, capitalise on offtake opportunities, and work with industry and government partners to deliver energy storage assets in key markets.
As an emerging energy technology, technical and regulatory barriers can be a hurdle to rapid integration in certain markets. This is why Eku Energy focuses on high energy use markets that are taking steps to level the playing field and leverage the potential of battery storage, such as the UK, Australia, Italy, Japan and Taiwan.
As variable renewable energy penetration continues to grow, Eku Energy can arbitrage volatile power markets creating diversified revenue streams. For example, it can buy and store energy at midday, when solar energy production is at its peak, and sell the power in the evening, when solar generation is declining and demand is high.
Battery storage is critical to maximising the role for renewables in our energy mix by enabling the delivery of dispatchable clean energy. We’re excited to be at the leading edge of this journey, delivering the investment and projects at scale that will be key to achieving net zero.”
Managing Director, Green Investments
Macquarie Asset Management