Flexibility could deliver up to £16.7 billion in saving per annum in 2050 according to a new report from the Carbon Trust. As such investing in flexibility is a “no-regrets decision” the non-profit has said in its new Flexibility Great Britain report, with building it into decarbonising heat and transport alongside the wider energy system offering net savings that range from £9.6 billion per year up to nearly £17 billion. Flexibility can be created through a range of technologies, including battery storage, thermal storage interconnectors and demand side response technologies across domestic, non-domestic and electric vehicle (EV) sectors. Across the different scenarios detailed in the report, up to c.48GW of flexibility from EVs, 12GW from domestic smart appliances, 11GW from non-domestic DSR, 83GW of battery storage and 900GWh of thermal storage were deployed.
Current 18th May 2021 read more »