The Anonymous Widower

Ministerial Roundtable Seeks To Unlock Investment In UK Energy Storage

The title of this post, is the same as that of this press release from Drax.

These are the first two paragraphs.

Business leaders have met with UK Energy Minister the Rt Hon Greg Hands MP to discuss how the government could unlock significant investment in vital energy storage technologies needed to decarbonise the power sector and help ensure greater energy independence.

The meeting was organised by the Long-Duration Electricity Storage Alliance, a new association of companies, progressing plans across a range of technologies to be first of their kind to be developed in the UK for decades.

This press release, which I found on the Drax website, has obviously been produced by the four companies; Drax, Highview Power, Invinity Energy Systems and SSE Renewables.

Greg Hands MP, who is the Minister of State for Business, Energy and Clean Growth said this.

The Long-Duration Electricity Storage Alliance is a key part of our plan to get the full benefit from our world-class renewables sector. Government have already committed £68 million of funding toward the development of these technologies.

“This will support the UK as we shift towards domestically-produced renewable energy that will boost our energy security and create jobs and investment.

The three CEOs and a director from SSE, make statements about what they are doing and what they need from Government, which are all worth reading.

  • Drax still needs planning permission for its flagship project at Cruachan, that is called Cruachan 2.
  • SSE are saying that the massive 30 GWh Coire Glas pumped hydro scheme has full planning permission and is shovel-ready.
  • Drax and SSE appear to be in favour of Cap and Floor regimes to support long term energy storage.
  • Highview Power and Invinity Energy Systems appear very optimistic.
  • Finance for capital cost is not mentioned. As billions will be needed for some of these schemes and the returns are very predictable, I assume that it has been promised.

After reading this press release fully, I too am optimistic.

Conclusion

I feel sure, that a sensible plan will evolve fairly soon, which will involve these four companies and possibly some others.

March 19, 2022 - Posted by | Energy, Energy Storage | , , , , , ,

6 Comments »

  1. Long Duration Energy Storage has to be the key to making the most use out of excess energy generated from wind and solar. One interesting concept using gravity has been developed by Gravitricity https://gravitricity.com/going-underground-why-gravitricity-energy-storage-makes-sense/
    As someone who began his working life with the NCB, it would be great to see some of the disused mineshafts being put to good use. One great advantage of this system would be that each shaft uses very little land space and is likely to be quite close to where the electricity will be used.
    This system would have the potential to retain stored energy for weeks rather than hours thus providing the opportunity for seasonal time shifts between energy generation and use.

    Comment by James Martineau | March 21, 2022 | Reply

    • I have high hopes for Gravitricity and I hope they fulfil it, as I invested some of my pension, through crowdfunding. I also like the fact, that the South Africans are interested in using the technology as they have many suitable mine.

      The fact that Huisman are involved can only be a good thing.

      I am surprised they weren’t at the meeting.

      What do you think of Durham University’s plan to use the warm water in abandoned coal mines to be used with heat pumps to create District heating systems?

      Comment by AnonW | March 21, 2022 | Reply

      • Interesting that you have an interest in Gravitricity! I think that the Coal Authority / Durham University scheme has huge potential and will sit well with Gravitricity. The warm water schemes will work best with the shallower mines, whereas Gravitricity will benefit most from the deeper mine shafts.

        The Coal Authority interactive map shows just how many abandoned mines and shafts there are – and most are in populated areas. Dr Charlotte Adams’ presentation to The Mining Institute in Sept 2021 (YouTube) illustrates the enormous potential for present and future generations to build on the miners’ legacy – perhaps for another 300 years or more!

        Comment by James Martineau | March 21, 2022

  2. I don’t have a fortune invested in Gravitricity, but I liked the people behind the company and most politicians could probably understand it.

    I saw Charlotte at the London Geological Society.

    Can Abandoned Mines Heat Our Future?

    Comment by AnonW | March 21, 2022 | Reply

  3. […] The government appears to be on the case as I wrote in Ministerial Roundtable Seeks To Unlock Investment In UK Energy Storage. […]

    Pingback by Shell And ScottishPower Win Bids To Develop 5 GW Of Floating Wind Power In The UK « The Anonymous Widower | March 23, 2022 | Reply

  4. […] The previous government was talking about this, as I wrote in Ministerial Roundtable Seeks To Unlock Investment In UK Energy Storage. […]

    Pingback by Are The Tories Bluffing About Fracking? « The Anonymous Widower | September 24, 2022 | Reply


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