Storage

Greater adoption of distributed and decentralised power could provide a multi-billion-pound boost to key economic sectors, power firm Centrica has said.

Yesterday afternoon chancellor Philip Hammond took to the despatch box to deliver the Autumn Budget. Amidst headline promises of stamp duty relief and fresh funding for driverless, electric vehicles, there were no major pledges relating to the energy market.

Battery Energy Storage Solutions (BESS) has set its sights on more storage acquisitions in the UK after raising £50 million in outside investment.

Liam Stoker looks ahead to tomorrow lunchtime to see what the UK’s solar industry might expect to see within Philip Hammond’s – and the UK’s – first Autumn Budget.

Centrica will “most likely” install up to 100 residential energy storage batteries in selected homes in Cornwall, alongside new installs of solar panels if they are not already in place, as part of its local energy market (LEM) programme.

Solar and other renewables will generate more than half of all electricity in the UK by the mid-2020s according to a new study by Bloomberg New Energy Finance and Eaton, which expects the cost of the technology to more than halve by 2040.

What is thought to be the largest operating containerised vanadium redox flow machine system in the UK has been connected to the grid by redT energy, with the 1MWh project expected to cut a Cornish business’ reliance on grid imports in half by time shifting excess solar generation.

M&S Energy has announced the 25 winners of its third annual community energy fund, with solar and storage among the most popular technologies yet again.

Home battery storage company Moixa is to expand its GridShare aggregation platform to include third party units for the first time after securing over £250,000 from the UK government.

Ofgem has sought to reassure solar farm owners that it will not withdraw accreditation to subsidy schemes without having a good reason to do so as it continues to work on guidance for co-locating energy storage assets with solar.