| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 13.03 megawatt |
| Market Volume (2030) | 34.28 megawatt |
| CAGR | 21.34 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Energy Storage Market Analysis
The UK Energy Storage Systems Market size is estimated at 13.03 megawatt in 2025, and is expected to reach 34.28 megawatt by 2030, at a CAGR of 21.34% during the forecast period (2025-2030).
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
- Over the medium term, the growing renewable energy sector, supportive government policies and schemes for energy storage systems (ESS), and improving energy storage economics are also expected to drive the growth of the market studied.
- On the other hand, the closing of FiT and other supporting schemes in the country has slowed down rooftop solar PV installations since March 2019 may negatively impact the market's growth and is one of the major restraints for the market.
- Nevertheless, The increasing adoption of ESS by the commercial and industrial sectors, are expected to provide growth opportunities in the forecast period.
UK Energy Storage Market Trends
Battery Energy Storage Systems Expected to Witness Significant Demand
- Batteries are considered a critical technology in the transition to a sustainable energy system. The battery energy storage systems are used to regulate voltage and frequency, reduce peak demand charges, integrate renewable sources, and provide a backup power supply. Batteries play a crucial part in energy storage systems and are responsible for around 60% of the total cost of the system.
- In the recent past, lithium-ion batteries have witnessed a massive demand in the battery energy storage market in the United Kingdom owing to their declining prices. Additionally, lithium-ion batteries are expected to hold the largest share in the battery energy storage market, as they require less maintenance, are lightweight, have a reliable cycle life, have a high energy density in terms of volume, and have a high charge/discharge efficiency.
- The United Kingdom added around 800 MWh new utility energy storage capacity this year. Furthermore, the country's energy storage pipeline increased substantially by 34.5GW. Around 2.4GW/2.6 GWh of battery energy storage sites have been connected in total by the end of 2022.
- Thus, flexible technologies, like batteries, are likely to become part of the United Kingdom's smarter electricity grid, supporting the integration of more low-carbon power, heat, and transport technologies, and it is likely to save the UK energy system up to USD 60 billion by 2050.
- In November 2022, the largest battery storage system on the European continent went live in East Yorkshire, United Kingdom. This particular facility can store 196 megawatt hours (MWh) of electricity per cycle, which is enough to power around 300,000 homes for two hours. Thus, such upcoming projects are likely to increase the demand for batteries in the United Kingdom during the forecast period.
- By the end of December 2022, the United Kingdom registered around 14.4 GW of installed solar capacity, and the new capacity added was around 613 MW in the same year.
- Therefore, the upcoming energy storage projects in the country and the need to integrate renewable sources with the national grid are expected to drive the demand for battery energy storage systems over the forecast period.
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Growth in the Renewable Energy Sector to Drive the Demand for Energy Storage Systems
- As renewable resources such as solar and wind generate power intermittently and at various levels, storing this energy to be used during high demand is of vital importance.
- Due to this, modern energy-storing systems (ESS) are becoming an indispensable part of renewable energy projects. The rapid growth in the renewable energy sector is expected to be one of the strongest drivers for the growth of the ESS market in the United Kingdom.
- Renewable energy capacity developed significantly this year, accounting for nearly 52.42 GW of cumulative renewable power. Renewables produced more than 42% of the primary electricity required by the country last year.
- Favorable government policies, the declining price of solar modules and wind turbines, and agreements to reduce the increasing carbon footprint are a few prominent factors supporting the capacity growth in the country.
- In November 2022, the UK government announced to provide a funding of EUR 32.9 million to energy storage projects. Such projects includes the developemnt of new energy storage technologies, such as thermal batteries and liquid flow batteries as part of Longer Duration Energy Storage (LODES) competetion.
- In May 2022, ABB and Ecotricity partnered to build a 10 MW battery energy storage project in Ecotricity's existing 6.9 MW wind farm in Gloucestershire in 2023. The project will consist of a 10 MW/20 MWh lithium-ion energy storage system. The lithium-ion batteries will come from Kore Power, and ABB's Storage OS energy management system will be in charge of the BESS.
- Therefore, with government assistance, energy security concerns, and declining costs, the renewable power sector is expected to register significant growth over the forecast period, thus driving the demand for energy storage systems.
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UK Energy Storage Industry Overview
The UK energy storage systems market is fragmented. Some of the key players operating in the market (in no particular order) include Tesla Inc., Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, Siemens Energy SA, and General Electric Company.
UK Energy Storage Market Leaders
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General Electric Company
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Contemporary Amperex Technology Co. Ltd
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Tesla Inc.
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Samsung SDI Co. Ltd
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Siemens Energy AG
- *Disclaimer: Major Players sorted in no particular order
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UK Energy Storage Market News
- Jun 2022: Quinbrook Infrastructure Partners acquired exclusive project development rights for the 230 MW/460 MWh battery energy storage project in Wales, United Kingdom. The battery energy storage system will be at the former Uskmouth coal-fired power station in South Wales, which closed in 2015. The project development rights were acquired from Simec Atlantis Energy, and the BESS is expected to be commissioned by the end of 2024.
- Jan 2022: Voltalia commissioned the Hallen Battery Energy Storage Scheme (BESS) project, which has a 32 MW/32 MWh storage plant capacity. The lithium-ion battery storage facility comprises 16 modules, each with a capacity of 2 MWh per unit, and it is located near the city of Bristol in the Avonmouth region.
UK Energy Storage Industry Segmentation
Energy storage technology aids grid operators in managing the variable energy generation from renewables like solar and wind energy. However, the development of advanced energy storage systems has been highly limited in selected regions with highly developed economies. The reason behind this is primarily the high initial cost and requirement of technical expertise. Despite the decrease in the energy storage system (ESS) cost, ESS remains expensive, and the upfront investment required is difficult to overcome without government support.
The United Kingdom energy storage systems market is segmented by type and application. By type, the market is segmented into batteries, pumped-storage hydroelectricity (PSH), and other types. By application, the market is segmented into residential, commercial, and industrial (C&I). For each segment, market sizing and forecasts have been done based on installed capacity (megawatts).
| Type | Batteries |
| Pumped-storage Hydroelectricity (PSH) | |
| Other Types | |
| Application | Residential |
| Commercial and Industrial (C&I) |
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UK Energy Storage Market Research FAQs
How big is the UK Energy Storage Systems Market?
The UK Energy Storage Systems Market size is expected to reach 13.03 megawatt in 2025 and grow at a CAGR of 21.34% to reach 34.28 megawatt by 2030.
What is the current UK Energy Storage Systems Market size?
In 2025, the UK Energy Storage Systems Market size is expected to reach 13.03 megawatt.
Who are the key players in UK Energy Storage Systems Market?
General Electric Company, Contemporary Amperex Technology Co. Ltd, Tesla Inc., Samsung SDI Co. Ltd and Siemens Energy AG are the major companies operating in the UK Energy Storage Systems Market.
What years does this UK Energy Storage Systems Market cover, and what was the market size in 2024?
In 2024, the UK Energy Storage Systems Market size was estimated at 10.25 megawatt. The report covers the UK Energy Storage Systems Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the UK Energy Storage Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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UK Energy Storage Industry Report
The UK energy storage systems market is poised for significant growth, driven by increasing energy demands, the adoption of renewable energy sources, and advancements in energy storage technologies. The market is segmented by technology, including pumped hydro, electrochemical, electromechanical, and thermal storage, and by application, encompassing grid storage and transportation. Residential and non-residential sectors are the primary end-users, with residential areas seeing substantial adoption due to government initiatives promoting renewable energy. Key trends include improvements in energy storage technologies, cost savings during peak hours, and the integration of renewable energy sources. The market is characterized by a competitive landscape with numerous battery storage companies in the UK focusing on technological advancements and strategic collaborations to enhance their market presence. The UK energy storage market is set to play a crucial role in ensuring grid stability and optimizing renewable energy utilization. The presence of various UK energy storage companies further underscores the dynamic and evolving nature of this sector. Statistics for the UK energy storage market share, size, and revenue growth rate, created by Mordor Intelligence™ Industry Reports, provide a comprehensive analysis. The UK energy storage analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.
