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Energy

Energy storage

Understand the technology, market deployment and business case trends driving energy storage projects at a variety of scales in the power network.

2 days

Next available:

Members: £1,095 + VAT
Non-members: £1,350 + VAT
New for 2022

Between 2014 and 2021, investment in energy storage has grown at a compound average growth rate of over 32%, which means the sector investment doubles in a little over every two years

- Source: Bloomberg NEF

Course Location & Date
Energy storage
10% early bird discount applied
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Members:
£1,095.00 £985.50 Plus vat
Non Members:
£1,350.00 £1,215.00 Plus vat
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Summary

Understand the technology, market deployment and business case trends driving energy storage projects at a variety of scales in the power network.

Extensive growth in energy storage is an essential feature of low carbon, renewable power systems. It helps provide the flexibility and resilience that systems supporting large quantities of capacity such as wind and solar will require.

Energy storage solutions, in particular batteries, are already being deployed at a variety of sizes and locations from domestic to utility-scale systems.

This course will combine fundamental technology and power system principles with up-to-date market intelligence and international examples in order to provide a clear picture of how and why the energy storage market is developing.

You will learn which problems energy storage solutions solve, the market and policy conditions that drive business cases, along with the risks and challenges that projects and deployments face. 

Who should attend?

The course is aimed at business-focused non-experts who want an independent and wide-ranging understanding of the factors driving the growth of the CCUS industry. They need to understand the basics of the technologies, explained in language accessible to engineers and non-engineers alike, and made relevant to their roles such as in business development, finance and strategic planning.

As such, the course should be of particular interest to engineers who are involved in analysing the market opportunities arising within the fast-growing energy storage market, or who are moving from another sector into a new, storage-related role.

How will I benefit?

After the course you will be able to…

  • Understand and describe the key energy storage market segments & opportunities 
  • Understand the differences between competing energy storage technologies, particularly from a business and deployment perspective
  • Appreciate where examples from a variety of locations and applications provide lessons for business planning elsewhere
  • Discuss the key, non-technological project delivery issues for battery storage projects
  • Understand how the energy storage business interacts with other power system trends including renewable power, virtual power plants and grid capacity planning 
  • Understand how changing power market conditions mean the business models of tomorrow will differ from those of today
Contributes 14 CPD hours

Key topics

  • Battery technologies (Li-ion, flow & other)
  • Energy storage project cost componentsFlexibility requirements in low-carbon power systems
  • Energy storage market segments and revenue streams
  • Power and energy capacity requirements for different applications
  • Lessons from energy storage projects around the world
  • Batteries at different scales, from domestic to utility
  • Levelised costs of storage
  • Requirements for long-duration energy storage (and non-battery solutions)

Mapped against UK- SPEC competencies: A, B and E

  1. Knowledge and understanding - For Chartered Engineers: ‘Use a combination of general and specialist engineering knowledge and understanding to optimize the application of existing and emerging technology’ For Incorporated Engineers: ‘Use a combination of general and specialist mechanical engineering knowledge and understanding to apply existing and emerging technology’
  2. Design and development of processes, systems, services and products - For Chartered Engineers: ‘Apply appropriate theoretical and practical methods to the analysis and solution of mechanical engineering problems’ For Incorporated Engineers ‘Apply appropriate theoretical and practical methods to design, develop, manufacture, construct commission, operate, maintain, decommission and re-cycle mechanical engineering processes, systems, services and products’
  3. Professional commitment - For Incorporated and Chartered Engineers: ‘Demonstrate a personal commitment to professional standards, recognising obligations to society, the profession and the environment’

Meet our trainers

These trainers regularly teach Energy storage.

  • John Massey

    John Massey

    Dr John Massey is an internationally renowned energy communicator and business educator, focused on the interconnected decarbonisation topics of renewable power, energy storage, CCUS and hydrogen.

In-house and bespoke training

Tell us your team's CPD needs and we'll come to you with a specialised training programme, customised for your engineering sector.
Contact our advisors if you need help finding the most appropriate training for your team.

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At a glance

  • Duration:
    2 days
  • Location:
    London
  • CPD Hours:
    14
  • UK-Spec:
    A, B, E

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