Battery energy storage provides flexibility and stability to electricity grids. An increase in electricity grid system volatility is expected as markets shift from fossil fuels to intermittent renewables to meet net zero targets and battery storage will be essential in complementing this implementation of renewables. The battery storage sector benefits from rising volatility in the electricity market by charging batteries when electricity prices are low and releasing to the grid when prices are high. The current energy crisis has brought volatility together with higher prices to the system earlier than expected. Battery energy storage will play a role in two of Edison Group’s global themes: decarbonisation and energy transition.
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