The pylons are pictured in the UK The project involves Centrica and GE that will store energy from onshore wind farms in Lincolnshire.
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A decommissioned gas-fired power station in the UK is set to be reused and converted into a battery storage facility, with those involved in the project saying it will be able to provide “low energy consumption”. the equivalent of a whole day for 11,000 households.”
In a statement on Monday, London listed Centrica said construction of the facility in Lincolnshire, a county in England’s East Midlands, has begun.
American company GE will provide the project’s 50 megawatt battery storage system. Once operational, the facility will store energy from 43 onshore wind farms in Lincolnshire.
Centrica says the system will be able to store 100 megawatts of electrical energy per hour. The facility will begin full operation in 2023 and is expected to operate for a period of 25 years.
“Storing renewable energy in this way gives greater control over the peaks and troughs associated with renewable energy production – charging the battery when electricity demand is low and discharging when demand peaks,” says Centrica.
Efficient, large-scale storage systems are becoming increasingly important as renewable energy capacity expands. This is because while energy sources like the sun and wind are renewable, they are not immutable.
The International Energy Agency says that “the rapid expansion of energy storage systems will be crucial” in reference to what it calls the “hourly variation” of electricity generation from solar energy. solar and wind power on the grid.
According to the IEA, investment in battery storage will reach nearly $10 billion globally in 2021 and is expected to reach nearly $20 billion by 2022.
In recent months, several large companies have entered the energy storage space.
Back in July, it was announced that Norway Equinor will achieve US-based battery storage developer, East Point Energy after signing an agreement to receive 100% of the company’s shares.
In August, Black stones indicates that a fund under the management of BlackRock Real Assets reached an agreement to purchase Akaysha Energy, an Australian company developing renewable energy and battery storage projects.
The potential for disruption of renewables was highlighted on Tuesday, as energy company SSE updated the market on both their outlook and recent performance.
Among other things, the business noted that “production was lower than expected, mainly due to the weather” which meant “total renewable production for the year to September 22 was about 13% lower than planned. .”
Scotland-based SSE said its “initial full-year guidance for adjusted earnings per share of at least 120 pence” was unchanged.
The company’s chief financial officer, Gregor Alexander, said: “Our well-balanced business structure has ensured strong business performance to date, however in volatile market conditions such as As such, full-year financial performance will be significantly impacted by plant availability, weather and commodity price movements,” it said.