energy storage pilot
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This week, Metering.com analyses the latest efforts implemented by utility companies toward growth of the UK’s energy storage market.The market is characterised by utility firms rushing towards maximising their adoption of battery energy storage systems since the identification of energy storage as key to unlock utility’s potential to expand renewable energy portfolios, meet peak demands and stabilise grid networks.

In addition, energy storage has the ability to help energy providers improve customer services by providing consumers with affordable energy generated from renewables.

Energy storage subsidiaries

Moreover, the UK governments are pushing towards an increase in adoption of battery energy storage to meet local, regional and international carbon emission reduction goals.

The region’s battery energy storage market has witnessed the entrance of new players with this April’s launch of a new subsidiary ‘E.ON Solar and Storage’ by UK utility E.ON.

Through the new subsidiary, E.ON will install both residential and utility-scale solar and battery energy systems to save up to £560 per year in consumer energy bills, reported Solar Power Portal.

Gavin Stokes, E  .ON’s head of commercial solutions, said: ”We want to be at the heart of a new energy world that will be more decentralised, more interconnected, lower in carbon and offer our customers smarter, sustainable solutions that support their individual energy needs.”

The development falls under efforts by E.ON to boost the use of energy generated from solar in its service territories.

By buying a stake in Uk-based residential energy storage system provider Moixa, Japanese utility Tokyo Electric Power Company (TEPCO) is planning to expand the region’s energy storage landscape.

According to the Energy Storage News, TEPCO invested $624,000 in Moixa to help the startup expand its services by offering utility scale battery energy storage services.

In addition, TEPCO’s investment in Moixa is expected to help the startup boosts rollout of its energy storage solution to residential consumers.

Hirokazu Yamaguchi TEPCO’s general manager for global innovation and investments, said the utility is confident Moixa’s energy storage solution will be selected by customers due to its affordability compared to other battery energy storage offerings.

Meanwhile, Anesco announced its partnership with utility Limejump for the development of 185MW battery energy storage system to store energy generated from virtual power plants for provision into National Grid’s grid network during peak periods.

The system is expected to be completed by August 2018 to be the region’s largest single battery energy storage system and National Grid match its energy supply with grid demands.

The announcement follows Anesco’s connection of its 12th battery energy storage system to bring its total battery energy storage capacity to 18.9MW, according to edie.net.

Uk multinational utility Centrica is reported to be financing the construction and integration of red-T’s 1.08MWh energy storage plant with two utility-scale solar plants with a total capacity of 350KWp in Cornwall, Scotland.

The development is expected to help residential consumers at Old House farm in Cornwall reduce their energy imports from Centrica’s grid network by 50% during peak periods, reported Energy Storage News.

The project will help Centrica understand how it can use a combination of solar energy generation and storage to unlock potential revenue streams.

Meanwhile, PowerVault got selected by renewable energy supplier Tonik Energy to install residential energy storage systems for the utility’s customers with smart meters.

In addition to the energy storage systems, Tonik Energy will use PowerVault’s battery energy control technology to remotely control the charging and discharging of the batteries in response to the status of the grid.

Tonik Energy will use the project to trial a smart energy tariff model in which consumers will be charged more when renewable energy generation is low and charged less when energy demand is high.

The project aims to reduce energy bills for consumers of Tonik Energy by half by 2022.

On the other hand, National Grid has also called for Ofgem to consider the energy provider to develop and own its own energy storage systems, Financial Times. [NEC Energy partners to deliver energy storage deal for UK utility]

Energy storage funding, EVs and renewable energy

Despite efforts done by utility companies in improving the region’s battery energy storage landscape, might grow due to an increase in financial backup from both the government and financial institutions.

Although the UK government sold its Green Investment Bank to Australia-based Macquare Group, the GIB is promising to direct up to £3bn towards storage, energy efficiency and renewable energy projects over the next three years, reported Fund Strategy.

Funding by the government towards the development of innovative EV infrastructure, EVs and related technologies is also expected to drive growth of the energy storage market.

According to the Renewable Energy Association, the expansion of the UK’s EV and Vehicle 2 grid vehicles market will pave way for an increase in storage of energy using EV batteries and exportation of stored and excess energy into grid networks.

Although the UK government sold its Green Investment Bank (GIB) to Australia-based Macquare Group, the GIB is promising to direct up to £3bn towards energy storage, energy efficiency and renewable energy projects over the next three years, reported Fund Strategy.

Funding by the government towards the development of innovative EV infrastructure, EVs and related technologies is also expected to drive growth of the energy storage market.

According to the Renewable Energy Association, the expansion of the UK’s EV and Vehicle 2 grid vehicles market will pave way for an increase in storage of energy using EV batteries and exportation of stored and excess energy into grid networks.

Besides the transfer of EV stored energy back to the grid, the growth of the EV and V2G market would push utility firms and players in EV sector to consider further expanding their energy storage and renewable energy portfolios to support the growing demand of energy.

For instance, carmaker Nissan highlighted its plans to develop 100 new power storage units and EV charging infrastructure to support the charging needs of its 18,000 V2Gs in the UK.

The Clean Energy also reported the announcement made by the UK government of £78 million in funding for the development of low-carbon vehicles and related technologies.

The funding will be directed to projects being deployed by Ford, BMW and Jaguar Land Rover.

 

Image credit: 123rf.

1 COMMENT

  1. It’s cool that this talked about how they hope to reduce their energy imports from electrical grids. I have thought about buying an energy storage system ever since our power went out last month for a few hours. It would be nice to have some emergency power in case the grid were to go down.