The UK Institution of Mechanical Engineers (IMechE) called for government support of electricity storage technologies, which are crucial to future supply and could put the country at the forefront of a $25 billion industry.
A policy statement issued by the Institution warns that the government is failing to provide sufficient support for electricity storage technologies, which will become increasingly necessary as more renewable generation capacity goes online.
Currently, the UK has only 2800 MW of electricity storage capacity in the form of pumped hydro-electric storage, but National Grid estimates that some 8000 MW could be needed by 2025.
IMechE also cited advantages of electricity storage technologies such as its capacity to provide consumers with renewable electricity on demand, saving on costs by not having to pay for excess ‘dumped’ energy or unnecessary infrastructure.
IMechE hopes to see the government carry out a detailed analysis of the UK’s electricity storage requirements and develop a policy framework to reward the provision of storage capacity.