Structural changes underway in UK energy consumption
There is a clear shift underway in the energy sector as the transition to a lower carbon economy accelerates. In the UK, the share of electricity generation expected to be met by wind and solar PV by 2030 is circa 50% and closer to 80% by 2050.
However, the intermittent nature of electricity generation by renewable energy sources presents a challenge within the electricity network infrastructure in the form of increased grid system volatility. In parallel, demand for electricity continues to rise and broaden, with particular growth due to the electrification of heating, cooling and transportation in the UK.
In order to adapt to the changing generation mix and diversifying demand, it is essential to increase measures that balance supply and demand.
The need for energy storage solutions
Flexion Energy is ideally placed to supply energy storage solutions which address the challenges of grid volatility and system imbalance, specifically through the deployment of battery technology, directly connected to the electricity networks at utility scale.
The requirement for battery energy storage is significant and growing as the transition to a lower carbon economy, with more renewable generation, advances. Structural drivers of the adoption of energy storage include the UK’s legally binding ‘net zero’ by 2050 commitments, which is accelerated by the UK government’s recent Green Ten Point Plan and the rapidly evolving demand for electricity.
What is a battery Energy Storage System?
A grid connected battery energy storage system comprises a set of batteries stored in containers, and associated electrical equipment which are enclosed within a secure fenced site.
The compound is connected to the grid via underground cables which we would install. The batteries are able to take electricity from the grid to charge, as well as discharge the electricity onto the grid.
These schemes operate in a number of ways. When the national level of generation is high but the demand for electricity is low the batteries charge up and hold the electricity. When the situation is reversed they discharge their energy onto the grid network to supplement the electricity generated from other power sources.
Batteries are also able to help maintain the stability of the national grid, to ensure it is operating correctly and we obtain service contracts to do so. Lastly, battery systems can help manage the electrical networks to prevent wires and substations from becoming overloaded.
Find out how Flexion Energy is helping the UK achieve Net Zero
What makes Flexion Energy different?
Flexion Energy uses proven, commercially viable technologies and a broader established supply chain to deliver cost optimised energy storage assets to maximise returns.
Our business model allows for flexibility in technology selection and the commercial model implemented for each asset, which enables us to successfully navigate the dynamic coming decades within the UK’s energy system.
Our highly experienced team is capable of developing energy storage assets from the earliest stages of the process to progressing them through design, technology selection, supply chain contracting, construction and into operation and ongoing management.
Our approach maximises the capital deployed into operating assets, minimises portfolio management cost to investors and delivers strong financial returns.