Overcoming the challenges of energy consumption
Public sector organisations are increasingly examining how they consume energy and the associated costs of doing so. This raises the question of whether consumption at the point of production is the most efficient solution.
A current hot topic is energy storage technologies such as battery systems, pumped hydro storage, compressed air and flywheels. These technologies are capable of absorbing and releasing energy when required and providing additional power services which help benefit the grid system. They can also support renewable energy solutions and help to decarbonise the UK's energy supplies.
From a commercial perspective, energy storage technologies provide opportunities to reduce energy costs and create income, for example by selling frequency response and demand side services to the National Grid.
With the public sector spending over £1 billion per annum buying energy, what can it do to become more involved in energy storage projects and realise these benefits?
We have identified below a number of perceived challenges which can be overcome:
Bevan Brittan has advised both private and public sector clients in this innovative energy space – including various NHS Trusts and local authorities about energy storage solutions and their role in National Grid support services. For more information, please contact one of the team: Nadeem Arshad, Nathan Bradberry or Thomas Graham.