Highview Energy and Ørsted have accomplished their joint investigation into how combining the applied sciences of Liquid Air Power Storage (LAES) and offshore wind might unlock larger worth for buyers and customers.
The outcomes present that there’s worth in combining offshore wind with LAES to assist lowering wind curtailment, rising productiveness, and serving to the transfer to a extra versatile, resilient zero-carbon grid, based on Larger Energy.
The 2 firms have carried out evaluation of technical efficiency, path to planning approval, and path to market with a regulatory and financial evaluation.
On account of this research, the businesses consider a challenge might be developed and constructed aligned with the timeline of an offshore wind farm.
“The profitable co-location of Highview Energy’s liquid air power storage with Ørsted’s offshore wind affords a step ahead in making a extra sustainable and self-sufficient power system for the UK. By enabling renewable power to be saved and used on-demand, we’re on an necessary journey to assist to speed up the UK’s journey in the direction of power independence and net-zero emissions,” mentioned Richard Butland, CEO at Highview Energy.
The companions will submit their findings to the UK Authorities’s “Lengthy Period Power Storage” session course of.
Based on the businesses, storage methods will play an important function in supporting the steadiness of the facility community and enhancing the effectivity of the offshore wind farms, encouraging future funding in renewable power that can increase the UK’s power and reduce shopper payments.
The UK will want as much as 100 GWh of power storage by 2050 based on the estimates from Nationwide Grid ESO’s Future Power Programs Situation.
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