This is our latest update and the second following our activities in August, which friends of Storelectric describe as the ‘vacation month’. We discuss Storelectric attending the Energy Storage Symposium in Scotland and important developments of our PCI bid.
Storelectric attends Energy Storage Symposium in Scotland
Jeff Draper (our FD) has been working with companies interested in exploring CAES & Hydrogen storage and this culminated in a symposium (jointly hosted by SEL and a sister company Hydrogen Energy Storage Ltd) in August.
To move beyond a think tank role we are anxious to develop a generic model for hybrid energy storage systems based on the location identified in the symposium and resolve the specific series of energy storage challenges and opportunities for that region. It would also identify the generic, transferable opportunities afforded by the hybrid energy storage model in response to the rising level of renewable energy penetration in many cases without subsidies.
‘The symposium focused on Ayrshire due to its dense cluster of wind farms as an exemplar of the core paradigm: cluster energy storage for multiple renewable energy stakeholders and the part conversion of variable renewable energy (VRE) sources to base load power by supply side aggregation.
The proposed stakeholder group is provisionally divided into two sub groups:
- Data referents who would provide data input for
- The technical collaborators/consultants who would commit resources to the development programme.
This technical resource group would later be requested to advise the figure required to be received from grant funding for a six to nine month study.
The symposium was filmed and you can see the interviews conducted during the day that give a flavour of the importance of storage and the prominence of the companies and entities that attended and interested in the storage field by watching the YouTube clip below. The full presentations were also filmed and are in post edit production available on request by emailing us.
Storelectric PCI Bid
NAM (the oil and gas giant that SEL won a competition with in July) have restarted after their well earned vacation and are in the process of finalising the cooperation agreement verbally agreed at the joint workshop described in the previous update. We hope to share some good news on this front shortly.
Mark Howitt (our CTO) has been working tirelessly with Ernst & Young to prepare our PCI (Project of Common Interest) bid due for submission in October and potentially opening up a grant of 50% for our 40MW and 500MW Cheshire projects. Storelectric is now the only company that has a large scale energy storage project as part of the current Projects of Common Interest in the EU making us eligible for this grant award (more information was provided in the previous update).
Other Business
We intend to provide some updates on these and other activities in the coming months however we have noted a growing interest for more immediate updates in the form of a 30’ webinar to be presented live by the directors of Storelectric. Please let us know by return mail if you are interested to join.
Thanks for your continued interest in Storelectric.
