NatPower UK says it can deliver over 60 GWh of battery storage on-line within the UK by 2040. It has already put aside GBP 600 million ($769.8 million) for the event of substations and says large-scale photo voltaic and wind tasks shall be introduced later this 12 months.
NatPower UK, an arm of world vitality transition developer NatPower Group, has stated it can make investments over GBP 10 billion within the United Kingdom‘s inexperienced vitality market, together with the nationwide deployment of battery vitality storage tasks.
The corporate stated in a March 7 assertion that it’s dedicated to deploying greater than 60 GWh of battery storage capability by 2040, which it claims will present 15% to twenty% of UK vitality storage. It stated large-scale photo voltaic and wind tasks shall be introduced later this 12 months.
Plans for a nationwide large-scale battery storage roll out embody the event of “GigaParks,” with the primary three to go for planning permission this 12 months, adopted by 10 subsequent 12 months, confirmed NatPower UK.
It has earmarked GBP 600 million for the event of substations on this preliminary section. It stated this can assist overcome grid bottlenecks and connection delays, which stay a key impediment within the nation’s transition to inexperienced vitality.
A press release from the corporate stated that battery storage is “a vital component of the net-zero jigsaw” and can assist to scale back curtailment, which it estimates might price GBP 3.5 billion per 12 months by 2030.
“To unravel the bottlenecks which can be slowing the shift to scrub vitality, we are going to drive funding into the grid itself, collaborating with grid operators to ship greater than 20% of the brand new substations required,” stated Stefano D. M. Sommadossi, NatPower UK CEO. “By investing in substations and specializing in vitality storage first, we are going to allow the subsequent section of the vitality transition and convey down the price of vitality for shoppers. We plan to ship the advantages of the vitality transition to all corners of the UK and our portfolio will play a giant half within the UK reaching 100% of its targets.”
The UK authorities has set a goal of delivering 100% renewable energy by 2035. This contains plans to deploy as much as 70 GW of photo voltaic by the identical 12 months.
In November, the Nationwide Grid stated it’s “rushing up” the connection of round 10 GW of battery vitality storage tasks in England and Wales.
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