British companies at the the forefront of energy storage technology have been awarded more than £6 million from the UK Government’s Department of Energy and Climate Change (DECC).
REDT UK and Moixa Technology have won contracts worth a combined total of £5.3 million under the second phase of DECC’s energy storage technology demonstration competition, launched in October last year.
“The investment will give these organisations the boost they need to develop energy storage designs, helping cut costs and bringing new technologies to market in this sector,” said energy and climate change minister Baroness Verma.
“The ability to store energy in this way will become increasingly important in the move towards a low carbon economy and I wish the winning organisations every success with their projects.”
Workingham-based REDT has landed a £3.6 million contract to carry out research and develop technology to store electricity generated from wind turbines.
The company’s head of operations Gary Simmonds said the funding would enable the company to deisgn, build and demonstrate larger-scale and lower cost energy storage systems.
London-based Moixa Energy has been awarded £1.7m to carry out a demonstration project of small battery-based storage units it has developed for use in people’s homes to store power for re-use at peak demand times.
Company founder and CEO Simon Daniel said: “Energy storage aims to help customers save money and reduce peak energy demand, by using low-carbon, night, wind and solar resources. Government’s funding will ensure that we can continue our work to make energy storage cost-effective for wide deployment.”
DECC also awarded three other companies a share of £900,000 grant funding under the second round of its energy storage systems component research and feasibility studies competition.
Cheltenham-based Kiwa GASTEC at CRE was awarded £400,000 to investigate safety issues surrounding the use of hydrogen for energy storage, while Oxford company Sharp Laboratories of Europe received £396,541 to develop and scale up a new battery technology for residential and community energy storage systems.
Chester-based EA Technology Ltd also received grant funding of £104,325 to develop a good practice guide on electrical energy storage.
Recommended for you
