An embattled British energy minnow is to install its electricity storage technology alongside solar panels in businesses across the UK after striking a deal with Norway’s state power giant. RedT Energy said the deal with Statkraft would mean it installs “vanadium redox flow” machines capable of storing up to 60 megawatt-hours of energy in aggregate – equivalent to the daily electricity needs of 6,000 homes. The storage machines will be offered to businesses over the next three years alongside solar panels capable of generating up to 100 megawatts of electricity. Statkraft will fund the installations in return for businesses signing long-term power purchase agreements, which it claims will save firms up to 20 per cent on their electricity costs. Electricity storage has become increasingly important as the energy system shifts toward greener but more intermittent power sources such as wind and solar. Most storage in the UK to date is in the form of either pumped hydro-electric power plants or giant lithium-ion batteries.
Times 25th March 2019 read more »