In recent months, a number of big companies have made plays in the energy storage sector.
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The intermittency of renewables was highlighted on Tuesday, when energy firm SSE updated the market on both its outlook and recent performance. Among other things, the business noted that"lower-than-expected output, mainly due to weather" meant"total renewable output for the year to 22 September was around 13% below plan."
Scotland-headquartered SSE said its"original full-year guidance of adjusted earnings per share of at least 120 pence" was unchanged. "Our balanced business mix has ensured a strong performance to date, however in such highly volatile market conditions, financial performance for the full year will be significantly influenced by plant availability, weather and commodity price movements," the company's finance director, Gregor Alexander, said.
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