This is interesting indeed. We've seen lots of news recently about the inability of gas peaker plants to compete with storage, and up to a third in planning now questionable as to whether they will be built. And now this very sizeable commitment from EDF, shows just much the utilities, at last, see the need to engage and invest.
Perhaps most interesting though was the suggestion that EDF would focus in Europe on the residential storage, behind the meter, market. This would be hot foot on the announcement that large scale and C&I giant ABB are launching a modular residential storage offering. How will these giants fair against the first movers in the market, like Sonnen, Tesla and LG Chem? Will the brand ABB play to a domestic audience? Will EDF reverse the trend towards challenger utilities like Ovo, Good Energy, Ecotricity, or indeed the Sonnen Community?
One thing is for sure though, perhaps even more so than renewables, energy storage and emobility are becoming mainstream.
Having been exclusively in these sectors since our inception, this is good news, but where the crowds go, so the cowboys follow, and no doubt that will include recruiters!
The utility, which won a contract with National Grid to deliver enhanced frequency response (EFR) with a 49MW battery at West Burton, announced the goal as part of its new Electricity Storage Plan which will also see it double investment in research and development (R&D). The additional 10GW of storage will add to the existing 5GW portfolio of assets operated by the company, which includes both batteries and pumped hydro storage. While the company’s statement says its ambitions are focused on “all electricity storage markets” across all applications, EDF will focus specifically on the residential sector in France and Europe with its range of self-consumption services incorporating batteries. Outside of France, the company will focus on the UK, Italy and Belgium as its other key markets in Europe.