UK power storage project moves ahead

Swindon is to host one of the UK’s largest power storage projects as the government’s à‚£246m battery fund starts to take effect.

Swindon Borough Council’s battery will have capacity of 50MWh, the largest that a power project approved by local authorities can be.

It is one of a number of small-scale projects mushrooming across the country as battery technology costs drop and the government backing begins to take hold.
Swindon Battery Storage
The Telegraph reports that project is designed to have a 30-year lifespan which will offer a long-term land rental income and deliver balancing services for National Grid.

By connecting large batteries to the grid, users can help to smooth out the peaks and troughs of power demand by drawing from their own storage when prices climb.

Steve Cains, of Swindon Borough Council’s Public Power Solutions, said: “Local authorities are in a unique position to benefit from the growing demand for electricity storage, with diverse property portfolios and high energy consumption.”

He added: “We’re making it work at home here in Swindon but this project could be replicated in many other parts of the country, helping generate an income for the cash-strapped public sector.”

Meanwhile UK-based Gore Street Capital said it plans to launch the world’s first listed energy storage investment fund on the London Stock Exchangeà‚ next month.

The Gore Street Energy Fund aims to raise à‚£100m to fund a pipeline of battery projects, which managing partner Alex O’Cinneide has said will “fulfill a core infrastructure need in the UK”.

Gore Street’s portfolio already includes the Boulby plant in North Yorkshire and a 49pc stake in the Cenin scheme in Wales, as well as the Lower Road project in Essex, which is preparing to begin construction.

Larger utility-scale projects are under development by FTSE 100 energy giants Centrica and Drax.

In related news DNV-GL have commenced the development of an independent platform designed for integrated monitoring and performance reporting of energy storage systems (IMPRESS).

Now, DNV GL calls energy storage experts to join a customer advisory board to steer the development of the independent storage monitoring solution.à‚ 

Different energy storage systems have different monitoring systems, making quick and easy comparison of performance data of multiple storage systems almost impossible. Being able to compare the performance of a storage systems will help to get insight in the best performing systems. This allows to select the best performing energy storage systems and improve the energy management systems in order to manage a healthy portfolio.

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