Gore Street Acquires 50MW Ferrymuir Battery Project, Eyes More In Scotland
The title of this post, is the same as this article on The Energyst.
This is a paragraph.
The Ferrymuir project in Fife, Scotland, has all connections and consents in place. Gore Street hopes to commission it in 2022.
It looks like it just needs the money to fit it out.
Judging by the numbers quoted for Gore Street in the article, it looks like a lot of fund managers and people with money, are putting money into energy storage.
Gore Street Contracts NEC For 100 MW Of Storage
The title of this post is the same as that of this article on the Solar Power Portal.
This is the introductory paragraph.
Gore Street Energy Storage Fund has awarded NEC Energy Solutions both EPC and long-term O&M contracts for 100MW of storage in Northern Ireland.
What I find most comforting, is the matter-of-fact tone of the article.
Although, the author does seem to think that MW and MWh are the same, when in fact MW is used to define the rate of energy used or transferred and MWh the quantity.
If you use one MW for an hour, that is one MWh.
Gore Street appear to have needed two 50 MW energy storage systems for Drumkee and Mullavilly in Northern Ireland to back up a solar farm investment.
And they appear to have just ordered them off the shelf from NEC, in much the way, an individual might buy a Tesla Powerwall for their house.
According to this article on OVO Energy, the average European house uses 3,600 kWh per year.As there are 8760 hours in a year, the average consumption for a year is 0.4 kW per hour.
So if we assume that these two energy storage systems can deliver 50 MW for an hour, the following can be said.
- The total capacity of each system is 50 MWh.
- Each system can supply 125,000 houses for an hour or 25,000 houses for five hours.
- As each housing unit has an average occupancy of 2.66 people, this means that a 50 MWh battery could supply a town of 66,500 people, for five hours.
Note that Lowestoft in Suffolk has a population of 71,000.
These batteries are not small.
19MW Storage Capacity To Participate In Three UK Flexible Markets
The title of this post is the same as that of this article on Smart Energy.
in Batteries On The Boil As Fund Attracts Investors, I talked about energy storage funds, which are a way of investing in energy storage to add capabilities to electricity grids.
This article talks about how the Gore Street Energy Fund is investing in two energy storage facilities at the Port of Tilbury and Lower Road in Essex
I have also found this article on Solar Power Portal, which is entitled Gore Street Fund Makes New Battery Acquisitions With New 19MW Pair From Origami Energy.
The second article has a picture of a 4 MW/4.8 MWh Tesla battery at Cenin Renewables.
The link to Tesla gives a well-presented page of applications of these batteries.
One example given is Renewable Integration, where this is said.
Smooth and firm the output of a renewable power generation source such as wind or solar.
This will be a large application for these types of large batteries, as although we don’t have masses of sun, we do have a lot of wind.
Big financial institutions like Pension Funds and Insurance Companies need secure long term investment to place their money and these energy storage devices, would appear to offer a sensible return, that enables them to pay their investors, like anybody who has a pension. Traditionally,these financial institutions have invested in property and government bonds for example.
Lately, they have been investing in railway rolling stock, which have a life of up to forty years. These energy storage systems should offer a reasonable life, if well-maintained and updated.
As there will large numbers of energy storage systems installed in the UK in the next decades, I think they could be a big area for investment.
At an individual level, we will also see houses built or refurbished with solar panels and batteries.
We are at the start of an exciting revolution!
Batteries On The Boil As Fund Attracts Investors
The title of this post is the same as that of an article in the Business section of today’s Times.
This is the first two paragraph.
Investors have sunk £100million into a new listed company that aims to use shipping containers packed with lithium-ion batteries to buy, store and sell electricity.
Gresham House Energy Storage Fund claims that it will make a return of 15 per ceent a year by providing electricity when surges in demand coincide with periods when the wind is not blowing or the sun is not shining.
Gresham House Energy Storage Fund is the second listed energy storage fund in London, after Gore Street Energy Storage Fund , launched in May.
I think we’ll see more of these funds and use of the technology.
Suppose you were a farmer with a windy hill top farm, that had a heavy electricity bill.
Realistically, sized, priced and financed a wind-turbine and a container full of batteries, might be just what your finances wanted.
All you’d need now would be an electric Range-Rover and a fleet of electric tractors!
The Anonymous Widower 