Funding announced to capture and store renewable energy
Funding has been awarded to innovative projects designed to capture and store renewable energy for later use.
£30 million will be shared among the recipients, designing and testing innovative technology to modernise the energy system and store renewable energy for later use.
Among the recipients is Synchrostor in Edinburgh, which will receive £9.4 million to build a Pumped Thermal Energy Storage (PTES) grid-connected demonstration plant operating at 1MW, with the ability to charge and discharge for a period of 10 hours, longer than current battery technology.
Cheesecake Energy Ltd in Nottingham will receive £9.4 million to test their FlexiTanker technology which stores electricity using a combination of thermal and compressed air energy storage and uses a reversible air compression/expansion train to charge and discharge. They will then install pilot units at two sites within a microgrid development in Colchester.
Minister for energy security and net zero Graham Stuart said: "Storing energy for longer periods is vital to build a robust and secure energy system and ensure that renewable energy is used efficiently. Fortunately the UK has a wealth of pioneering businesses that are making their mark on this industry.
"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."
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