One of the UK’s largest wind farm developers is preparing to charge up its first major battery storage project to help stabilise Britain’s power grid as more turbines begin to spin. Denmark’s Ørsted, formerly known as Dong Energy, is nearing completion of the world’s largest wind farm and from next month will become one of Britain’s largest commercial battery developers too. The group will begin building the 20MW power storage project in Liverpool next month and hopes it will be able to provide National Grid with balancing services by the end of the year. Matthew Wright, of Ørsted UK, said the group wants to remain “at the forefront” of Britain’s move towards low-carbon energy.
Telegraph 25th April 2018 read more »
Global investment in energy storage and smart grid firms soared during the first three months of the year, according to a new report from consultancy Mercom Capital Group that underlines the growing interest in smart technologies deemed critical to the deep decarbonisation of power grids. The report on venture capital (VC) investment, corporate funding, and merger and acquisition (M&A) activity revealed a surge in investment across much of the sector.
Business Green 24th April 2018 read more »