Anesco, we salute you. Although the logic dictated that ROC accreditation should be retained for generating assets outputting to batteries, it took a confident developer and asset owner to test the theory in a live-firing exercise. Bravo, chaps.
This is an exciting development, and gives a welcome boost to co-located (or, more accurately, inter-operable) storage with renewable generation. Operators looking to include battery assets on site will still need to have some interesting conversations with PPA offtakers and investors, but that proposition has been made a little easier now, safe in the knowledge that the ROCs can remain in place, and storage should be able to focus on efficiency, smoothing variable output and increasing investor margins. Everyone's a winner in theory.
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Ofgem’s decision under the RO scheme means that operators of the sites can receive RO Certificates (ROCs), which is support paid to accredited renewable energy generators, for the electricity they generate and supply to the battery as well as the remaining electricity they export to the grid. Anesco has said this landmark decision will now serve to remove one of the key barriers to deploying storage in the UK, as executive chairman Steve Shine has explained. “This decision is a game changer for the UK’s energy storage market. Ofgem has firmly cemented energy storage as being a vital part of the solution to keeping the country’s ‘lights on’,” he said.