Investor Briefing: Is energy storage and grid management the answer to keeping the lights on?

01 July 2016 03:03 PM | #Presentations

Investor Briefing: Is energy storage and gid management the answer to keeping the lights on?

Forbury Investment Network held a successful Investor Briefing, ‘Is energy storage and grid management the answer to keeping the lights on?’ in collaboration with Rushlight Events and kindly hosted by BDO LLP on Wednesday 25th May.

The UK energy generation mix is rapidly changing. All non carbon abated coal fired power stations will be closed by 2025, the proportion contributed by renewable energy is continuing to rise albeit in fits and starts whilst the future of our nuclear programme seems to rest in the hands of the board of EDF. All of this uncertainty is once again raising questions about the stability of the grid system and whether the Government has done enough to ensure sufficient capacity will still be available at times of peak demand or reduced supply.

Politicians hope that part of the answer may lie in moving the investment focus away from generation to demand side measures such as smart grid systems, demand response and energy storage. However these are relatively immature technologies and will require £100’s of millions of capital to be deployed in the next five years.

The lively debate focused on whether the current raft of Government policies go far enough to simulate the required capital spend in demand side measures and what else could be done to reduce the risks of the lights going off. We were joined by an excellent panel representing a range of perspectives from the energy industry.

For those of you who would like to view the panel discussion, a link to a recording can be found below-

Panellists include:

Chair: Tom Heap