Insight paper Ready and waiting: Opportunities for energy storage June 2023 cornwall-insight dlapiper Table of contents The authors 3 Foreword by DLA Piper Executive summary 4 5 Background to energy storage Revenue streams and routes to market Challenges for energy storage Future opportunities for energy storage Key considerations 8 13 20 26 34 36 38 About Cornwall Insight Glossary Disclaimer While Cornwall Insight and DLA Piper consider the information and opinions given in this report and all other documentation are sound, all parties must rely upon their own skill and judgement when making use of it. Cornwall Insight and DLA Piper will not assume any liability to anyone for any loss or damage arising out of the provision of this report howsoever caused. The report makes use of information gathered from a variety of sources in the public domain and from con?dential research that has not been subject to independent veri?cation. No representation or warranty is given by Cornwall Insight or DLA Piper as to the accuracy or completeness of the information contained in this report. Cornwall Insight and DLA Piper make no warranties, whether express, implied, or statutory regarding or relating to the contents of this report and speci?cally disclaims all implied warranties, including, but not limited to, the implied warranties of merchantable quality and ?tness for a particular purpose. The information provided in this paper is for information only, and does not constitute, nor should be construed as, investment advice, or a recommendation to buy, sell, or