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Battery storage technology

 
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Mark



Joined: 13 Dec 2007
Posts: 883
Location: NW England

PostPosted: Wed Apr 26, 2017 4:52 pm    Post subject: Battery storage technology Reply with quote

Battery storage - watch this space:
http://www.greenintelligence.org.uk/article/battery-storage-watch-space

Battery storage tech will be the biggest beneficiary of a £1 billion government investment in innovation, with leading businesses already exploring their potential. Over the next four years, the government has announced that it will provide £246 million “to ensure the UK leads the world in the design, development and manufacture of batteries” for energy storage and electric vehicles. The funding comes from the new £1 billion Industrial Strategy Challenge Fund, first announced in the 2017 Spring Budget. The funding will focus on six key areas: healthcare and medicine; robotics and artificial intelligence; batteries for clean and flexible energy storage; self-driving vehicles; manufacturing and materials of the future; and satellites and space technology. However, battery storage will receive by far the most money over the next four years.

‘Next-generation’
Announcing the funding on 21 April, Greg Clark, business, energy and industrial strategy secretary, said: “The UK is home to some of the world’s best innovators at the very forefront of global excellence. “The funding I am announcing today, providing hundreds of millions of pounds of support to develop the next generation of technologies across a range of sectors, shows our determination and commitment to making sure the UK remains at the very forefront of research innovation for years to come.” Energy storage is fast becoming a topic of conversation for leading companies and has previously been described as the “nail in the coffin” for conventional utilities.

Flexible energy
As well as being used in electric vehicles, batteries will also be particularly beneficial for businesses aiming to be more flexible in their energy usage to avoid peak charges on bills. For example, global retail giant Walmart has put plans in place to use energy storage to streamline its approach to achieving its target of powering 50 per cent of its operations with renewable energy by 2025. It has already agreed a deal to combine 40MWh of energy storage systems at 27 of its stores with renewable energy technologies to reduce dependence on the energy grid.
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adam2
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Joined: 02 Jul 2007
Posts: 6218
Location: North Somerset

PostPosted: Wed Apr 26, 2017 7:39 pm    Post subject: Reply with quote

Under present circumstances, battery storage is unlikely to be worthwhile for shifting peak time consumption to the off peak, or for storing renewably produced electricity for later use (except in off grid premises when there is no alternative)

However any substantial increase in peak time energy prices, or great reduction in battery prices could change this position perhaps almost overnight.

So my near term advice is to hang on to your wallets, but keep a close eye on this.

I doubt that any new principle of battery manufacture or design remains to be discovered, future advances are IMHO more likely to be price reductions due to mass production and automated factories.

A good comparison would be the manufacture of PV modules, no significant new principles have been discovered for many years, yet PV prices have fallen from several £ a watt down to less than 50 pence a watt.
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vtsnowedin



Joined: 07 Jan 2011
Posts: 4281
Location: New England ,Chelsea Vermont

PostPosted: Thu Apr 27, 2017 9:20 am    Post subject: Reply with quote

adam2 wrote:


However any substantial increase in peak time energy prices, or great reduction in battery prices could change this position perhaps almost overnight.

So my near term advice is to hang on to your wallets, but keep a close eye on this.


There you go off again. Being all practical and such. Smile
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