The Department of Energy and Climate Change (DECC) has announced that it has awarded a share of over £5 million to two British energy storage entrepreneurs.
The contracts have been awarded to Moixa Technology and REDT UK for their respective small battery-based storage units and wind turbine storage projects.
Commenting on the funding, energy and climate change minister Baroness Verma said: “This investment will give these organisations the boost they need to develop energy storage designs, helping cut costs and bringing new technologies to market in this sector.
“The ability to store energy in this way will become increasingly important in the move towards a low carbon economy and I wish the winning organisations every success with their projects.”
Simon Daniel, CEO and founder of Moixa Technology added: “Energy storage aims to help customers save money and reduce peak energy demand, by using low carbon, night, wind and solar resources. Government’s funding will ensure that we can continue our work to make energy storage cost-effective for wide deployment.”
The National Grid recently noted in its Solar Briefing Note that UK’s energy infrastructure could only accommodate 10GW of solar PV without “significantly changing operational practices”. The development of cost-effective storage systems would significantly help enable the rollout of solar PV in the UK.
