Battery Storage

Unlike energy derived from fossil fuels which is generally available on demand, the transition to renewable energy has created new challenges primarily because of the wind farms generation intermittency and the lack of night-time capacity in the case of Solar PV installations.

This has prompted the development of large utility scale battery storage installations to feed and stabilise the National Grid Balancing Mechanism including fast response reserve, frequency stabilization and voltage control demand management, by peak shaving and load levelling.

The Capacity Market which on the other hand ensures continuity of supply includes variable and intermittent renewable energy integration and emergency backup power afforded by different technologies such as pumped hydro storage.

Recognising the strategic importance of energy supply and security, Development Vectors has been very active in the sector, advising developers over the past 4 years for securing sites and grid connections suitable for the installation of 50MW battery storage units and providing general guidance and advice regarding the technology, funding and development matters for investment grade battery storage units that would allow the mobilisation of private capital finance. Equally we have been very active raising capital for green field pumped storage hydro storage projects which require 6-8 years of study, planning and engineering periods on average.