Government boost for new renewable energy storage technologies
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Nearly £7m awarded to turbocharge UK projects that are developing
innovative energy storage technologies, in first round of
Government-backed competition. The intermittent nature of
renewables like solar and wind power means that energy can be
produced when it is not needed, such as during extended periods of
high wind. However, as new technologies are developed, this energy
can be stored for longer, helping manage electricity generation
variations and increasing...Request free
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Nearly £7m awarded to turbocharge UK projects that are developing innovative energy storage technologies, in first round of Government-backed competition. The intermittent nature of renewables like solar and wind power means that energy can be produced when it is not needed, such as during extended periods of high wind. However, as new technologies are developed, this energy can be stored for longer, helping manage electricity generation variations and increasing resilience, while also maximising value for money. 24 projects based across the UK have been awarded the first round of funding through the ‘Longer Duration Energy Storage competition’, which is worth £68m in total. These projects will benefit from a share of over £6.7m to develop new energy storage technologies that can utilise stored energy as heat, electricity or as a low-carbon energy carrier like hydrogen. Ranging from the development of thermal batteries to converting energy to hydrogen, they have been selected because of their potential to improve technology performance and reduce the cost of meeting net zero. Successful projects could benefit from a greater tranche of funding from a second phase of the competition, which will support these projects towards commercialisation, encouraging private investment and creating new jobs. Energy & Climate Change Minister Greg Hands said: “Driving forward energy storage technologies will be vital in our transition towards cheap, clean and secure renewable energy. “It will allow us to extract the full benefit from our home-grown renewable energy sources, drive down costs and end our reliance on volatile and expensive fossil fuels. Through this competition we are making sure the country’s most innovative scientists and thinkers have our backing to make this ambition a reality.” As part of the UK government’s commitment to reach net zero, we are accelerating the transition to clean, renewable energy, and shifting to a green electricity grid by stepping up the use of clean energy sources like wind and solar power. This will not only help reduce the nation’s dependence on expensive fossil fuels, but will also provide cheaper energy to consumers, and will mean more of the UK’s energy is produced domestically. The green energy transition will therefore involve ensuring the UK’s electricity infrastructure can cope with greater shares of renewables, while meeting power demands securely. Today’s funding is awarded under Phase 1 of the Longer Duration Energy Storage Demonstration competition (LODES), part of the government’s £1bn Net Zero Innovation Portfolio. Phase 1 will be followed by Phase 2, which will see the remainder of the £68m funding awarded to several of the most promising Phase 1 projects, to proceed to build anddemonstrate their technology fully. Selecting projects for the next stage will take place upon the completion of Phase 1, whereby projects will be assessed based on their potential to commercialise their technologies. The energy storage projects receiving funding today include:
Andrew Bissell, Chief Executive Officer at Sunamp said: “For the past decade, we have focused on decarbonising hot water and have delivered a world-beating 20,000 heat batteries using our phase change material into the market so far, and we are now bringing forward our Central Bank products for heat. Our thermal storage technology can be combined with heat pumps to deliver more than twice as much heat per unit of electricity on demand than direct electric heating. This funding will accelerate how we can further enhance thermal storage duration, working with wind energy from the grid and solar PV in homes, to provide heat and water during extended intervals of low renewables generation when green power is not available on the grid, eventually reducing the overall cost of operation to be lower than gas.” Larry Zulch, Chief Executive Officer at Invinity said: “The LODES initiatives are yet another demonstration of the UK’s commitment to building a thriving low carbon economy. Invinity greatly appreciates BEIS’s vision for that future, especially the vital role that safe, reliable and robust long-duration energy storage has to play on a Net Zero UK electric grid. In realizing that vision we are tremendously pleased to be working again with BEIS, Pivot Power and EDF to plan the deployment of a vanadium flow battery eight times the size of the one currently operating at Energy Superhub Oxford." The funding announced today is a key step towards supporting the development and commercialisation of innovative energy storage technologies, in turn supporting the UK’s transition to relying on renewables, while also encouraging private investment and new green jobs. Notes to Editors
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