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UK Energy Storage Industry

Discover the UK’s Energy Storage industry and the companies designing and producing innovative technologies to store electricity. View company data, industry trends, market size, growth stats, financials and download our free sector report today.

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What is Energy Storage?

Energy Storage is the capture of energy to be stored and used at a later date. There are many forms of Energy Storage and different practices used today including hydrogen, thermal, mechanical and battery storage.

With a focus on renewable energy and the modernisation of electric grids, the UK Energy Storage industry is thriving, with companies developing new innovative technologies and methods to store electricity or heat.

Energy Storage sector summary

Discover real-time data and insights sourced directly from The Data City platform, driven by our innovative Real-Time Industrial Classifications (RTICs). Our RTICs harness the power of web data and machine learning, and are published with industry experts for precision and relevance.

Here are the key facts about the Energy Storage sector. The sector has a turnover of £30.3bn currently, has received £5.1bn of investment and the sector is growing at 3.7% per year.

2,466
COMPANIES CONSIDERED
£30.3bn
TOTAL TURNOVER
35,116
TOTAL EMPLOYEES
£5.1bn
TOTAL INVESTMENT FUNDING
£323.3m
TOTAL INNOVATE UK GRANT FUNDING
3.7%
AVERAGE COMPANY GROWTH PER YEAR

Energy Storage verticals

Our industry data goes deep. See the top verticals and specialisms making waves in the UK Energy Storage industry today.

Our Energy Storage RTIC is made up of 5 individual verticals. The top verticals in this sector include Batteries, and Mechanical. You can find out more about the verticals by downloading our RTIC report, or by signing up for a free trial of The Data City platform.

  • Sector Code Description Records
  • RTIC0013 Energy Storage 2408 companies

    Companies designing and producing innovative technologies to store electricity or heat that has been previously produced.

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    • Energy Storage: Batteries

      Companies engaging in the production and development of battery technology.

      1978 companies
    • Energy Storage: Hydrogen

      Companies using hydrogen as a resource for energy storage.

      314 companies
    • Energy Storage: Mechanical

      Companies providing the infrastructure and products that enable mechanical energy storage

      352 companies
    • Energy Storage: Thermal

      Companies providing the infrastructure and products that enable thermal energy storage.

      127 companies
    • Energy Storage: Uninterruptible power supply

      Companies developing the technologies and related products to build infrastructures that allow for uninterrupted energy supply

      271 companies

Energy Storage industry growth

Based on a growth rate of 3.7%, we expect that this sector could be worth £33.2bn by 2024. Below you can see our forecast of the growth of the sector.

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