Markets

Curtailment payments to wind farm operators in the UK exceeded £307m in 2023 (up from £227m in 2022); just one symptom of the increasing costs of balancing electricity generation and demand as the percentage of renewables’ generation increases in the UK.

This picture is repeated across the world due to grid capacity constraints, which Cumulus helps to unlock. High-energy, long-duration storage offers arbitrage and asset deferral, as well as ancillary service value propositions. The commercial renewables market for storage is expected to grow with the following increases in installed renewables capacity:

The Global Wind Energy Council forecasts the cumulative GW of wind generation installed capacity to increase from 837GW at the end of 2021 to 1,394GW by the end of 2026.

Cumulative solar PV installations globally are forecast by Solar Power Europe to more than double from 1,179GW at end 2022 to 2,915GW by the end of 2026, which would then make solar capacity more than double that of wind.

Infrastructure

Infrastructure we see as a market for the future rather than now, due to the need for clear energy storage policies and business models that recognise the value high energy long-duration storage brings to the grid. Specific markets include electric vehicle recharging infrastructure, micro-grids and grid-support.

Energy Intensive Industries

There is a global opportunity to improve energy management and drive down energy costs for electricity intensive industries across the world. Specific markets include diesel-engine generator set replacement with solar PV plus storage for mining and remote regions.

Commercialisation

Cumulus is targeting clearly defined projects in these markets, with a number of partners and potential licencees around the world.

What Can I Do Next…

UK Enquiries
For more information please contact Nick Kitchin, Chief Executive Officer.

M: + 44 (0) 7870 455995
E: nick.kitchin@cumulusenergystorage.com

US Enquiries
For more information please contact Darron Brackenbury, Director.

Cell: +1 (510) 213 1418
E: darron.brackenbury@cumulusenergystorage.com

German Enquiries
For more information please contact Nick Kitchin, Chief Executive Officer.

M: +44 (0)7870 455995
E: nick.kitchin@cumulusenergystorage.com