On Friday 14 October the Office of Gas and Electricity Markets (Ofgem) published the registration document from SSE Power Distribution requesting funds for its Orkney Storage Park project. The distribution operator is requesting £300,000 from Tier One of the Low-carbon Networks, to help fund its project to demonstrate how it is possible to create commercial incentives and infrastructure to encourage third-party energy storage providers to locate storage in areas where it can be used to alleviate network constraints. Currently Orkney has more renewable energy on its system than it can distribute and the company hopes this project will help to advance the roll-out of energy storage technologies and renewable power across the country.
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Stay updated on energy market changes each week with Haven Power’s market report.
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