Wärtsilä, the global technology company, is today launching new analysis showing that investment in flexible energy technologies, such as battery energy storage and advanced flexible gas, can rapidly increase the share of renewable generation in the UK by 2030 at a lower overall cost to consumers. The Energy Transition Lab Report: Optimising the UK’s shift to a renewable-powered economy models the impact of current UK ambitions for renewable energy and shows that adding 7GW flexibility to the UK power system by 2030 can deliver a higher share of renewable generation (62%) than could be possible by adding wind and solar without flexibility. This flexible scenario could power more than 710,000 more households with renewable energy, cut 2 million tonnes of CO2 emissions and cost the UK GBP 270 million less every year by 2030. It could also save the UK economy GPB 660 million a year when compared with installing another new nuclear plant alongside renewable generation. This is due to the high upfront costs and substantial market interventions required for more nuclear.
Wartsila 23rd Nov 2020 read more »
New analysis from technology group Wärtsilä has found that flexibility technologies can rapidly increase the share of renewables at a lower overall cost. If 7GW of flexibility is deployed by 2030, this could save the UK economy between £270 million and £660 million per year, with the first compared to a scenario where only new renewables are added and the latter to a scenario where new nuclear power is deployed alongside new renewables. This saving is due to the high upfront costs of nuclear and the “substantial market interventions” required for the technology, with Wärtsilä predicting that almost £100 million a year in curtailment costs alone would be created by adding new nuclear to the UK’s generation mix.
Current 23rd Nov 2020 read more »
Two Scottish distilleries are set to achieve zero carbon emissions by the end of this year as part of owner Diageo’s new 10-year sustainability action plan. The Oban and Royal Lochnagar distilleries will be the first to move to 100 per cent renewable energy as Diageo aims to reach this target across its entire portfolio of 28 single malt production facilities by 2030. With heat being the biggest consumer of energy in the distilling process, the most significant advance at Oban and Royal Lochnagar has been the conversion of boilers to use renewable liquid biofuels made from vegetable oil residue.
Herald 24th Nov 2020 read more »