Demand side response could save the UK £600 million by 2020
A new report by the Association of Decentralised Energy (ADE) has revealed that energy consumers in the UK could save £2.3 billion by 2035, or £600 million by 2020, thanks to demand side response (DSR).
DSR is a scheme in which consumers are given financial incentives to lower or shift their electricity use at peak times. The ADE report has said that the UK could save up to 9.8GW, or 16 percent of Britain’s peak electricity requirement, by shifting power usage and running backup generators.
By turning down demand instead of increasing supply, and by employing more local, efficient generation, demand-side response can help to reduce emissions and helps the UK meet its carbon targets.
ADE Director Tim Rotheray said: “Keeping the lights on and our factories running is becoming increasingly challenging as the electricity market changes. We are building more wind and solar, which cannot always be depended on, and we are seeing our traditional large nuclear and coal power plants close down.
The association pointed to 5.3GW that could be unlocked by getting businesses to run their existing small-scale power generators, like combined heat and power plants or diesel generators, which provide ‘back-up’ power to manufacturing and retail sites.
“We need to access the enormous resource that energy users can provide, whether they are NHS hospitals, pharmaceutical manufacturers or your local retail store,” said Rotheray. Today’s report shows that by putting these users at the heart of the energy system, we will make it more cost-effective, reduce carbon emissions, and give customers a chance to participate in the system and take control of their energy use.”
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.