The Anonymous Widower

Financial Incentive Needed To Drive UK Energy Storage

The title of this post, is the same as that of this article on pv Magazine.

This is the first paragraph.

The lack of an incentive regime for battery projects and the like – whether a fixed feed-in tariff or market-driven contracts-for-difference program – is likely to see the COP26 host miss its 100%-clean-power-by-2035 commitment, according to K2 Management.

As a Control Engineer, I would go for a market-driven contracts-for-difference program, which if properly setup should give feedback, so that eventually, storage and renewable energy production are in equilibrium with the power needed.

It’s not as if, we’re short of ideas for energy storage in the UK.

I think the breakthrough will come, when one of the big energy storage funds like Gresham House or Gore Street decides to back one of the viable environmentally-friendly energy storage concepts, that are currently under development.

I am watching energy storage, as I suspect there could be a big announcement at COP26.

 

November 4, 2021 - Posted by | Energy, Energy Storage, Finance | , ,

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