03/08/2022
In the British Energy Security Strategy (BESS), published in April 2022, the UK Government announced its energy ambitions, stating that by 2030 95% of British electricity could be low carbon, and that by 2030 over half of the UK’s renewable generation capacity will be wind.
Wind power has the potential to generate huge amounts of the UK’s electricity. However, it is variable by nature leading to significant swings in power output. The UK’s ambitions to reduce fossil fuel reliance and to increase renewable electricity generation through wind energy will therefore present significant new challenges when it comes to balancing the grid.
It is not just lack of power during periods of low wind that energy generators need to worry about. Analysis by LCP indicates that by 2030 there will be an oversupply of power for 53% of the hours in the year, compared to the expected 6% for 2022. Unless effectively managed and mitigated, oversupply will put a huge strain on the grid and lead to energy wastage. While there are already many mechanisms in place to balance the grid and smooth the electricity supply, it is clear that the increasing reliance on renewables will require a new approach to system flexibility.
It is predicted that over 50 GW of new demand-side flexibility from energy storage, electrolysers and interconnectors will be needed to support the drive for more renewable energy.
Tracking patent filing trends is a useful way of understanding technological development. As shown in Figure 1, there was a steady increase in the number of European patent filings for “energy storage”, published between 2010 and 2020. However, the number of published patent applications is yet to show the exponential growth that may be required to support increases in renewable energy generation.
Figure 1
The BESS highlights the need for flexibility with sufficient large-scale, long-duration electricity storage to balance the overall energy system. Long duration energy storage (LDES) is particularly suited to handling renewable over/under supply because it allows energy to be stored for a period of several hours or more.
By 2040, LDES will need to have scaled up to around 400 times present levels and it is estimated that 10% of all electricity generated would be stored in LDES at some point.
The four key areas of LDES are: mechanical; thermal; chemical; and electrochemical.
Innovative areas of mechanical LDES are developing, such as compressed air energy storage (CAES); gravity based energy storage systems, which stores energy by lifting mass that is released when energy is needed; and liquid air energy storage (LAES).
Other examples of LDES are molten salts coupled with concentrated solar power (CSP) plants; power-to-hydrogen-to-power; and batteries such as aqueous flow batteries and metal anode batteries.
Selecting just one of these promising LDES technologies, Figure 2 shows that the number published European patent applications mentioning “compressed air energy storage” has grown by over 400% between 2010 and 2020.
Figure 2
While the total number of publications is relatively low in comparison to energy storage as a whole, the data show a clear increase in interest around CAES. This growing interest in CAES may or may not be indicative of the growth in research and investment in LDES as whole, but it certainly shows that energy storage systems are being developed to support the increasing de-carbonisation of our electricity supply.
This article is for general information only. Its content is not a statement of the law on any subject and does not constitute advice. Please contact Reddie & Grose LLP for advice before taking any action in reliance on it.
