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<p>DECC has identified energy storage as one of the possible balancing mechanisms
– alongside other mechanisms, including demand-side response and interconnectors.
Different mechanisms are expected to be needed to meet different balancing needs in
the transmission and distribution networks, depending on the characteristics they
offer, such as their peak power; duration of storage; and response times. The extent
of deployment and effect of storage on energy costs will depend on the composition
of future electricity systems – both supply and demand – as well as the cost and availability
of storage and the other balancing technologies.<br> <br> Research carried out for
the Carbon Trust by Professor Goran Strbac and a team at Imperial College and published
in June 2012 in a report titled ‘Role and Value of Energy Storage Systems in the UK
Low Carbon Energy Future', concluded that: “energy storage can bring benefits to several
sectors in the electricity industry, including generation, transmission and distribution,
while providing services to support real-time balancing of demand and supply, network
congestion management and reduce the need for investment in system reinforcement”.
The Imperial College report estimated that in a “2050 high renewables scenario, application
of energy storage technologies could potentially generate total system savings of
£10bn/year”.</p><p>The Low Carbon Innovation Coordination Group, which includes the
Department of Energy and Climate Change and the other major public-sector investors
in low carbon technology innovation, published a Strategic Framework in February 2014
which concluded that successful innovation in electricity storage technologies could
save the UK energy system about £4.6billion in total by 2050.</p><p> </p>
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