Nearly a fifth of the government’s total energy technologies investment must be spent on energy storage batteries between 2025 and 2030 to meet renewables targets, Cornwall Insight has said. Its latest data showed that almost 10% of grid capacity will be provided by battery storage by 2030, costing an estimated £20 billion. Tom Edwards, senior modeller at Cornwall Insight, said that if battery storage is to make up that 10%, the current increase in the technology needs to be maintained and even exceeded, which will require “a significant chunk of the government’s technologies financing”.
Current 13th May 2022 read more »
Plans to create a battery storage facility for renewable energy at Drax near Selby have been approved despite objections. The site will hold energy produced at Drax Power Station when demand from the National Grid is low. Selby District Council gave permission for the 1.73 acre) site, despite concerns raised by residents about the loss of agricultural land and the impact on the village. Applicant Aura Power said the site would store enough energy to supply 26,000 homes. Drax, originally a coal-fired power station, now burns wood pellets and is the UK’s largest renewable power station.
Business Desk 15th May 2022 read more »