Energy Zero emission

Scottish Renewables is advocating for the subsidization of the storage prices for energy

Summary

Scottish Renewables came up with a report indicating that the United Kingdom requires high electricity storage capacity to achieve its net-zero emissions plan and funding for the exploit to be effective. The report emerged with the help of the British […]

Scottish Renewables came up with a report indicating that the United Kingdom requires high electricity storage capacity to achieve its net-zero emissions plan and funding for the exploit to be effective. The report emerged with the help of the British Hydropower Association and five leading hydropower developers.

The teams are advocating for the infusion of the price floor mechanism to keep this dream alive. Additionally, storing the energy for long periods allows for the establishment of pumps and advanced storage facilities for maintaining hydropower. Moreover, long storage durations imply that electricity generated by the renewables like wind farms can be kept and be supplied to customers when it is required.

The energy storage technology will be essential in ensuring the achievement of the transition from fossil fuel energy sources to renewable power in the United Kingdom. The policy manager of Scottish Renewables, Cara Dalziel, explained that eliminating fossil fuel electricity production is crucial in ensuring that climate change mitigation strategies become effective.

Dalziel added that wind turbines only produce power when there is wind and solar when the sun is shining. Therefore, storage technology would help keep these sources relevant since the excess energy gathered when the natural sources are available would be dispatched when the weather is not favorable. Dalziel added that this would require batteries with a high capacity to store the energy in large quantities for a long time to meet the customers’ rising demands.

The executive explained that pumped storage hydropower is a viable source of energy. However, the technology has not been sufficiently developed to sustain the electricity market and meet investors’ confidence. The executive added that the new price stabilization mechanism would ensure that long-duration flexibility storage services would allow energy developers to meet the consumers’ needs.

This report comes amid the Smart Systems and Flexibility Plan’s adjustment by the UK Government’s Department of Business, Energy and Industrial Strategy, and energy market regulator Ofgem. The funders that made this report successful include Scottish Renewables, SSE Renewables, Buccleuch, the British Hydropower Association (BHA), Intelligent Land Investments Group, Drax Group, and CCSQ.

British Hydropower Association Chief Executive Simon Hamlyn reiterated that this report outlines the essence of pumped storage hydro to the redefinition of the UK energy mix. He added that these aggressive strategies would help the nation develop supportive infrastructure for renewable energy exploration and development. Moreover, the energy transition can create employment opportunities for the people to restart the economy that had been frustrated by the coronavirus pandemic.