Ørsted A/S (CPH:ORSTED) and Highview Energy will look into the potential of utilizing the UK agency’s liquid air power storage know-how along with Ørsted’s offshore wind farms.
The 2 firms stated right this moment they’ve signed a memorandum of understanding to conduct technical evaluation and an financial evaluation throughout 2023 to show the feasibility of co-locating Highview Energy’s long-duration power storage with offshore wind.
They famous that offshore wind might be key for reaching the UK’s goal of web zero by 2050, whereas storage might be essential for supporting grid stability and bettering the effectivity of wind farms.
This winter the UK was unable to retailer and use as a lot as 1.35 TWh of wind power, utilizing as a substitute costly fuel, says the announcement.
“Our collaboration with Highview Power is an important step in creating effective energy storage solutions that unlock greater value from next generation wind farms and support the evolution of our power grid,” stated Duncan Clark, managing director offshore and nation chair UK & Eire for Ørsted.
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