Controversial tax hike could leave country lagging behind as continent powers ahead The UK risks being left behind in Europe’s home battery boom because of a controversial tax hike on solar-battery systems, according to a report. The energy consultancy Wood Mackenzie has predicted that Europe’s home battery capacity could climb fivefold in the next five
Continuously falling battery costs, and rising capacity and usage of clean energy are set to result in booming global stationary energy storage over the next two decades, which will require total investments of as much as US$662 billion. That’s one the key findings of the latest report on new energies by research company BloombergNEF (BNEF)
Power cuts and backup options.
The falling price of renewable energy has been dominating the headlines, but more dramatic change is happening behind the scenes, where battery storage is disrupting the way utilities provide power. The change is driven not just by cheap renewables and cheap batteries, but by the electronics that link them together, said Mark Ahlstrom, the president
Electricity grids that incorporate storage for power sourced from renewable resources could cut carbon dioxide emissions substantially more than systems that simply increase renewably sourced power, a new study has found. The study, published today in the journal Nature Communications, found that storage could help make more efficient use of power generated by sources such
We have had a reply to the VAT petition from the Treasury. See below for the full wording. Interestingly it shows that the UK government fought against the VAT rises with the EU but were defeated by the Court of Justice of the European Union siding with the European Commission.
Two years ago, battery storage enjoyed a quite different environment. National Grid was offering attractively priced, bilateral Firm Frequency Response (FFR) contracts, so anyone on the enduring market could easily capture prices between £15/MWh and £25/MWh (and sometimes even higher). The Enhanced Frequency Response (EFR) tender also awarded 4-year contracts with an average price of
The UK will need 20 million ‘mini power stations’ to reach its net zero energy goals, with the need to create a policy framework for technologies like solar PV and energy storage an immediate priority, a group convened in Britain’s parliament this week heard. While other rooms at Portcullis House, Westminster, were given over to
The fastest-expanding industrial sector on the planet is now electricity storage − a battery boom which heralds an end to the need for fossil fuels. LONDON, 18 January, 2019 − Billions of dollars are being invested worldwide in the developing battery boom, involving research into storage techniques to use the growing surpluses of cheap renewable
Lithium-ion batteries are far more widely recycled than many people think, while China and South Korea are already leaders of the emerging circular economy of lithium, a report commissioned by the Swedish Energy Agency has found. An often-cited figure is that “5% of lithium-ion batteries are recycled”, when in fact this statistic, taken originally from