The UK government has disbursed $37.3 million in funding for projects focused on the capture and storage of renewable energy. The investment will facilitate the modernization of the energy system and business testing where necessary. Such initiatives cut down costs associated to the taxpayer.
“Storing energy for longer periods is vital to build a robust and secure energy system and ensure that renewable energy is used efficiently. Today we’re backing three UK businesses to make their projects a reality, which will go on to play a role in our country’s energy security,” said Minister for Energy Security and Net Zero Graham Stuart.
The UK government is providing $11.7 million to Cheesecake Energy to trial the firm’s FlexiTanker technology that stores electricity by integrating compressed air and thermal energy storage. The technology utilizes reversible air compression / expansion train for purposes of charging and discharging. Cheesecake Energy will then deploy pilot units at two locations within a microgrid development in Colchester.
The UK government is providing $13.7 million to Invinity Energy to manufacture and develop a 7MW, 30MWh 4-hour Vanadium Flow Battery (VFB), the biggest of its size in the UK. The company will manufacture the VFB at its factory in West Lothian, Scotland.
The UK government is providing $11.7 million to Synchrostor to manufacture a Pumped Thermal Energy Storage (PTES) grid-connected demonstration plant running at 1MW. The plant will showcase competencies that are greater than incumbent battery technology, charging and discharging for a duration of 10 hours.
