The Anonymous Widower

Gresham House Energy Storage Fund Has Staying Power

The title of this post, is the same as that of this article in the Tempus column of The Times.

It is a good explanation of how energy storage funds like Gresham House work.

I believe they are very much the future.

Some of the new forms of energy storage, that I talk about on this blog tick all of the boxes and may even satisfy an extreme supporter of Extinction Rebellion.

  • Extremely environmentally friendly.
  • Higher energy-density than lithium-ion
  • Lower cost per GWh, than lithium-ion
  • Much longer life than lithium-ion.
  • Safe to install in built up areas.
  • GWh-scale storage in a football pitch space or smaller.

The UK’s largest battery is the 9.1 GWh Electric Mountain pumped storage system in Snowdonia and there is talk about over 100 GW of offshore wind turbines in UK waters. There will be masses of energy storage built in the UK in the next forty years to support these wind turbines.

Conclusion

Companies like Gresham House Energy Fund seem to have developed a model, that could provide the necessary energy storage and a safe reliable home for the billions of pounds in the UK, that is invested in pension funds.

Lithium-ion batteries will be reserved for mobile applications.

September 2, 2020 Posted by | Energy, Energy Storage | , , , | 2 Comments

UK Listed Energy Storage Fund Seeks 182MW Battery Project Pipeline

The title of this post is the same as that of this article on Energy Storage News.

This is the first paragraph.

UK investment management firm Gresham House has confirmed it is to launch a fresh fund raising drive as it sets its sights on a new, 182MW pipeline of battery storage projects.

It is my belief as a Control Engineer, that if we move to renewable energy, like geothermal, hydro, solar, tidal, wave and wind, that the generating capacity must be backed up with large massive of energy storage.

  • The energy storage captures excess electricity when nobody needs to use it and feeds it back when consumption exceeds supply.
  • I suspect that the National Grid have done extensive simulations of the UK’s energy needs and that they have a model of how much energy storage is needed to support particular mixes and capacities of renewable energy.
  • Most of the storage will be lithium-ion or perhaps some of the newer developments, that are creeping into the renewable dictionary.
  • The cost of storage, its working life and performance must be well-known, which means that the investors can get a return, that satisfies their needs to fund pensions and insurance policies.

So it would appear that Gresham House have done their sums and come up with a mathematical model, where all are winners.

  • UK industry and consumers get enough electricity for their needs.
  • Insurance companies and pension funds get a return to fulfil their contractual commitments.
  • UK pensioners get a reliable pension.
  • UK taxpayers don’t have to fund the much-needed energy storage.
  • Our electricity will increasingly be generated by renewables.
  • I do suspect that Gresham House will take an appropriate fee.

There may even be an opportunity for the public to invest directly in the future.

For all these winners, there will be losers.

  • Oil companies. In Writing On The Wall For Oil Say Funds, I wrote about the opinion of fund managers on oil companies.
  • Despots, dictators and religious maniacs, who control much of the world’s oil resources.

I shall cry not one tear for the second group!

I’ll be very interested to see the way that these energy storage funds develop!

Conclusion

These funds will develop in parallel with renewable energy and the energy storage it needs.

As the demand for energy storage will grow significantly, these funds will grow as well to provide the capacity needed to keep the lights on.

 

 

April 30, 2019 Posted by | Energy, Energy Storage, Finance | , , , | Leave a comment