U.K. will open electric grid to batteries
LONDON — The U.K. government set out plans to help energy consumers and industry save as much as $52 billion on their bills by opening the electricity grid to battery storage devices and spurring low-pollution power plants.
The Department for Business, Energy and Industrial Strategy outlined plans to invest $320 million in battery technology research. It will also amend the law to define power storage as a form of generation, a step required to encourage investment in the technology.
Plans would tweak the 1989 Electricity Act, which will make it easier for investors to back energy storage projects seen as key to allowing greater amounts of renewable energy onto the grid.
“It’s going to allow households to aggregate via service companies, so individual households can start to act as a big block of energy storage,” said Charles BradshawSmith, co-chief executive officer of Smartklub Ltd., a company that’s working with Nottingham City Council to install a battery on a green housing project.