Today, batteries are mostly deployed to maximise revenue, rather than climate impact, meaning they often increase emissions by charging during the cheapest energy periods, regardless of carbon intensity. New carbon finance mechanisms could transform these incentive structures while also scaling-up deployment.
Seagrass and E.ON UK are now leading research into how carbon finance can unlock capital for energy storage. Our research will set out new carbon finance instruments for batteries, bringing together a coalition of industry experts, alongside the design of a real-world pilot case study as a model for projects globally.
Key findings from new research from E.ON UK and Seagrass about how policy can increase investment in long-duration energy storage and promote the use of utility-scale batteries to lower grid emissions.
Specific policy proposals will be discussed with the aim of crafting a proposal that can be implementable by policymakers while being maximally supportive of private sector investment.
Shortlisted case studies that can be turned into real-world investable pilots, designing a carbon methodology to use carbon finance for energy storage, and helping partner governments craft actionable policy.
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