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Existing Energy Storage Deployment And Planned Projects In The UK Detaile In New Report

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Existing Energy Storage Deployment And Planned Projects In The UK Detailed In New Report

A report released by the renewable energy industry today contains new data that has revealed the extent of energy storage deployment and the industry’s potential future growth in the United Kingdom.

There are 35 standalone grid-connected projects operating as of August 2016, spanning technologies from lithium-ion batteries (such as those used in mobile phones or electric vehicles) to pumped hydro systems (where water is stored in a reservoir and released through turbines when electricity demand peaks).

Current Capacity

At least 1,500 smaller, residential-scale projects are also recorded. The cumulative electricity storage capacity operating in the UK as of August 2016 is 3.23 GW. At least 453 MW of energy storage capacity has been announced as under construction or being commissioned, in addition to the 200 MW of “enhanced frequency response” storage that was contracted by the National Grid in September.

Analysts who work in association with the industry point to the 1.2 GW of extra capacity that bid into the “Enhanced Frequency Response” auction but did not win a contact as a clear indication that the storage industry has matured quickly and is ready to deliver. These extra projects will have demonstrated that they are ready to deploy and will have secured planning permission and grid connection capacity.

Anecdotal reports also indicate that there has now been double-digit GW worth of applications for storage to the distribution network, but this will not all be built out and may not have planning and grid permission. To unlock this potential market improvements to the policy framework are required, which the REA highlight in their report.

The Renewable Energy Association (REA)’s second edition of the report Energy Storage in the UK – An Overview is presently the authoritative database of energy storage projects in the UK. The REA’s energy storage sector group brings together over 100 companies operating in the UK’s energy storage supply chain.

Energy storage is widely recognised as a technology that will have a significant role in the UK’s future energy system, allowing for an increased role for renewables, more flexibility, and greater decentralisation.

 

Storage is already a reality for the UK and right now there’s an opportunity to cement us as a global centre for investment, deployment, and research.

 

James Court, Head of Policy & External Affairs at the Renewable Energy Association said:

“Storage is already a reality for the UK and right now there’s an opportunity to cement us as a global centre for investment, deployment, and research. Many technologies have advanced quickly and are now commercial, as such the storage industry is not seeking a direct subsidy.

Storage is a critical technology for the decentralisation of the UK’s energy system and will support long-term renewables deployment. Policy is the single greatest barrier to the industry’s growth and reform is needed.

We welcome the supportive comments made by Secretary of State Greg Clark at the Conservative Party Conference and look forward to seeing what actions he will take to support the industry’s growth.”

Frank Gordon, Senior Policy Analyst at the Renewable Energy Association said:

“Energy storage has great potential in the UK, and can unlock billions worth of savings according to the Government’s advisers. Our research indicates that there are multiple gigawatts of capacity that are being proposed or are ready to be developed, but a joined-up and supportive policy structure is critically needed.

We need more action to unlock the opportunities and the Government’s awaited Call for Evidence should address crucial issues such as a definition for energy storage in legislation or the grid codes. We are also seeking an end to double charging of grid fees and consistent treatment when connecting to the grid, changes we have been calling for since our first Energy Storage Overview report in 2015.”

 

Energy

7 New Technologies That Could Radically Change Our Energy Consumption

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Energy Consumption
Shutterstock Licensed Photo - By Syda Productions | https://www.shutterstock.com/g/dolgachov

Most of our focus on technological development to lessen our environmental impact has been focused on cleaner, more efficient methods of generating electricity. The cost of solar energy production, for example, is slated to fall more than 75 percent between 2010 and 2020.

This is a massive step forward, and it’s good that engineers and researchers are working for even more advancements in this area. But what about technologies that reduce the amount of energy we demand in the first place?

Though it doesn’t get as much attention in the press, we’re making tremendous progress in this area, too.

New Technologies to Watch

These are some of the top emerging technologies that have the power to reduce our energy demands:

  1. Self-driving cars. Self-driving cars are still in development, but they’re already being hailed as potential ways to eliminate a number of problems on the road, including the epidemic of distracted driving ironically driven by other new technologies. However, even autonomous vehicle proponents often miss the tremendous energy savings that self-driving cars could have on the world. With a fleet of autonomous vehicles at our beck and call, consumers will spend less time driving themselves and more time carpooling, dramatically reducing overall fuel consumption once it’s fully adopted.
  2. Magnetocaloric tech. The magnetocaloric effect isn’t exactly new—it was actually discovered in 1881—but it’s only recently being studied and applied to commercial appliances. Essentially, this technology relies on changing magnetic fields to produce a cooling effect, which could be used in refrigerators and air conditioners to significantly reduce the amount of electricity required.
  3. New types of insulation. Insulation is the best asset we have to keep our homes thermoregulated; they keep cold or warm air in (depending on the season) and keep warm or cold air out (again, depending on the season). New insulation technology has the power to improve this efficiency many times over, decreasing our need for heating and cooling entirely. For example, some new automated sealing technologies can seal gaps between 0.5 inches wide and the width of a human hair.
  4. Better lights. Fluorescent bulbs were a dramatic improvement over incandescent bulbs, and LEDs were a dramatic improvement over fluorescent bulbs—but the improvements may not end there. Scientists are currently researching even better types of light bulbs, and more efficient applications of LEDs while they’re at it.
  5. Better heat pumps. Heat pumps are built to transfer heat from one location to another, and can be used to efficiently manage temperatures—keeping homes warm while requiring less energy expenditure. For example, some heat pumps are built for residential heating and cooling, while others are being used to make more efficient appliances, like dryers.
  6. The internet of things. The internet of things and “smart” devices is another development that can significantly reduce our energy demands. For example, “smart” windows may be able to respond dynamically to changing light conditions to heat or cool the house more efficiently, and “smart” refrigerators may be able to respond dynamically to new conditions. There are several reasons for this improvement. First, smart devices automate things, so it’s easier to control your energy consumption. Second, they track your consumption patterns, so it’s easier to conceptualize your impact. Third, they’re often designed with efficiency in mind from the beginning, reducing energy demands, even without the high-tech interfaces.
  7. Machine learning. Machine learning and artificial intelligence (AI) technologies have the power to improve almost every other item on this list. By studying consumer patterns and recommending new strategies, or automatically controlling certain features, machine learning algorithms have the power to fundamentally change how we use energy in our homes and businesses.

Making the Investment

All technologies need time, money, and consumer acceptance to be developed. Fortunately, a growing number of consumers are becoming enthusiastic about finding new ways to reduce their energy consumption and overall environmental impact. As long as we keep making the investment, our tools to create cleaner energy and demand less energy in the first place should have a massive positive effect on our environment—and even our daily lives.

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Energy

Responsible Energy Investments Could Solve Retirement Funding Crisis

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Energy Investments
Shutterstock / By Sergey Nivens | https://www.shutterstock.com/g/nivens

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long your retirement savings will last?

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

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