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1GW of battery storage will be developed by New Energy Partnership in the UK by 2025. We are looking at current and future technologies to bring the latest innovations to our portfolio. We are able to draw on our significant experience of energy infrastructure M&A and financing to ensure projects are delivered through to commercial operation.
Battery energy storage systems (BESS): Within the context of this document, this is taken to mean the products or equipment as placed on the market and will generally include the integrated batteries, power conversion and control.
The strategy was developed with the UK Battery Strategy Taskforce, drawing on the Call for Evidence [footnote 78] and engagement with businesses and stakeholders. The strategy sets out the government’s activity to support our objectives and sets a framework for our future work with industry to support the sector.
The Faraday Institution estimates that meeting domestic demand for batteries for EVs would boost UK employment by approximately 270,000 (full-time equivalent) jobs by 2040. [footnote 207] Of these, 100,000 would come from battery manufacturing plants and the supply chain, 145,000 from EV production, and 25,000 from HGV /bus production.
Grid-scale battery energy storage systems (BESS) enable us to use electricity more flexibly and decarbonise the energy system in a cost-effective way. [footnote 31] As the technology and innovation in battery design, manufacturing, transportation, and deployment evolves, so will the development of additional applications.
The UK will be a world leader in sustainable battery design and manufacture, underpinned by a thriving battery innovation ecosystem. Batteries represent one of the highest growth clean energy sectors [footnote 1] and the UK is well placed to reap the rewards thanks to its comparative advantage in research and advanced manufacturing.
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