This is a good analysis and breakdown of the present UK energy storage pipeline. You'd expect nothing less from Finley Colville and Lauren Cook. But this reflects what we are seeing on the ground too. In the last 12 months over 50% of our recruitment assignments were in energy storage, but the vast majority of them in Germany or developing countries. Now we're seeing companies look to expand in the UK for Utility and behind-the-meter storage teams. There will be some interesting announcements soon about projects about to be built here from some names many will be unfamiliar with. I don't very often use my posts to talk about Hyperion, but if you are looking to expand your energy storage business and headcount, in the UK and Germany in particular, we really are the experts in the field.
Going forward there is a lot more diversity in the pipeline, with projects typically anywhere in size up to 50MW. Projects co-located with renewables are typically at the smaller end of the scale, for example those proposed with wind and solar farms typically have a capacity smaller than the generation of the site, primarily to balance the output but also to offer grid services. Stand-alone projects are typically larger as they need to be able to take advantage of economies of scale and access grid service contracts to make the financial model stack up. We can see a variety of projects sizes in this group and even in individual developer’s pipelines, and so it is clear that this is still a developing market and the recipe for a successful project is not yet clear cut.