The Future of Energy

The Future of Energy

David Hunt 07/02/2018 7

I'm not sure it's what Prince was referring to in his 1989 Batman soundtrack, but Energy Storage works. It works very, very well, and it's not just the future, it's here now. Two years ago, I attended the REA (Renewable Energy Association) 'Commercializing energy storage' event, to catch up with colleagues and clients, and to hear some of what is going on. Now, not soon, now.

This meeting in particular focused on electricity storage, and largely battery based technologies. Clearly there are near commercial projects such as compressed air storage, and of course heat storage too, but right now batteries are the proven, ultra-reliable and established technology; how long has UPS been around! What surprised me a little was the scale of some of the projects already in situ, particularly in the USA. We heard from Dominique Ludlow of AES about the 200 MW of projects already delivered in the USA and Chile. All commercially viable, without subsidy, with 97% availability and zero safety issues in over 6 years of operation. Sat there and doing exactly what they say on the tin.

The critical advantage of electrical energy storage is that time shifting (allowing electricity generated at one time, to be used at another) is almost the least of its capabilities. Time-shifting is of course a massive benefit, particularly to renewable energy generators, and to start to silence the "intermitency" hecklers, but it's what storage can do to electricity that is of biggest benefit on a utility scale. Frequency control, instant response, peak demand, smoothing. The list is long and I don't aim to recant a 3 hour discourse here. But much of the ROI on the AES projects comes from grid balancing, peak shaving and frequency control services for the Utility (DNO) than purely from time shifting supply. There are projects closer to home too. REDT have won a contract to supply a 1.26Mwh project on the island of Gigha.

There are also very interesting studies around the predicted growth of EV's (Electric Vehicles) and how that would change and challenge demand for our grid/supply. But there are predictions that show EVs could potentially at any given time be storing over a Mwh of electricity, how can that be managed, controlled and utilized.There are also trials around the use of second life EV batteries being used for EV charging points. Unlike my iPhone battery which barely has any useful capacity in it's first life, EV batteries once they've degraded by 20% can no longer be used in vehicles, but still have a useful capacity, in a second life.

Policy support, more than subsidy is what is required to get more such projects underway at utility scale. For one example, as it stands legislation forbids DNO's from 'generating' electricity, and using stored energy would be classed as 'generating'. Semantics maybe, but a legal issue, but one that should be easily amended. This isn't an issue in the USA. Their utility companies are also much more 'can do' than ours, but that is another matter.

We didn't touch too much on commercial or domestic scale storage, although the benefits here extend beyond time shifting of renewable energy generated on site. In many places voltages fluctuate wildly, beyond permitted allowances quite often, causing many problems on site and for the equipment used there. Storage can smooth and regulate supply on this scale too.

The combination of renewables and storage will be hugely beneficial on so many levels, It is the future, but one that is already here.

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  • Luis Albanés

    Green energy is getting better and cheaper, yet we still largely rely on fossil fuels. Why haven't we switched to solar and wind energy yet?

  • Andy Hausmann

    In reply to: Luis Albanés

    Fossil fuel companies have a lot of money and money is everything

  • Michael Johnson

    In the future it's most likely oil companies that will own solar companies

  • Rehan Gillani

    Green energy is the way

  • Rita Garcia

    In my opinion 100% renewable energy is not only expensive but completely impractical due to its significantly lower efficiency and reliability as well as its inability to stabilise the power grid

  • Simon Pass

    Effective delegation can be one of the best ways for new small business owners to build their businesses, free up their time for business activities that require their unique expertise, and build a team positioned for future success.

  • Rick Turpin

    We all make mistakes. The key is being aware of them and consistently working to make smart, well-informed decisions in your business. If you can do that, and remain resilient when you do make a mistake, success will be within your reach.

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David Hunt

Energy Guru

David Hunt is a prominent figure and thought leader in the clean energy sector. Hailed as a leading green entrepreneur by the Financial Times, David also presents at industry events such as EcoSummit, Energy Storage Europe and Fully Charged Live. David is a frequent contributor to trade publications such as Energy Storage News, Solar Power Portal, PV Tech, Clean Energy News and Smart Cities World. His industry insights have been quoted in UK broadsheet newspapers such as The Guardian, The Independent, The Telegraph and the Sunday Times. Being well versed in business and economics, he has also lent his voice to the likes of BBC Radio Four and ITV’s 6 O’clock news. A cleantech expert and industry insider, David specialises in the clean energy and eMobility sectors. His drive to accelerate these growing markets led him to set up Hyperion Executive Search Ltd, a talent acquisition company specialising in the clean energy space that incisively places talent where it’s needed. Hyperion has been helping businesses grow and succeed since 2014 and recently expanded its operations in Europe with a new office in Munich. David’s headhunting team now operates across EMEA and the US. Before this, David co-founded an award-winning multi-technology renewable energy installation business, sat as a policy board member with the UK Renewable Energy Association, and was a member of PRASEG (Parliamentary Renewable and Sustainable Energy Group). The ‘This week in cleantech’ podcast is a platform for David and invited experts to share and review the biggest, and most interesting news stories in the cleantech sector each week, providing expert opinion, analysis and insight. It is anticipated that the podcast will be a catalyst for the further growth and development of the cleantech revolution.

   

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