Andy Hackett’s Post

4-hour batteries connected at 11kV are coming! We're thrilled to announce we will soon begin construction on several long duration battery projects which will allow renewable energy to be stored for up to four hours, significantly longer than most storage solutions currently available in the UK. Backed by a £45 million debt facility from Allianz Global Investors our Urban Reserve Storage business will build 90MWh of electricity storage across four projects, utilising the cutting-edge high energy density lithium-ion cells from BYD Energy Storage. These batteries, connected at 11kV and in urban areas where network pressures are greatest,  will ensure electricity is readily available when and where it's most needed, particularly during peak times. Increasing our energy storage capacity is crucial as we shift towards a smarter energy future. It’s key to supporting the intermittency of wind and solar and enabling the broader adoption of electric vehicles and heat pumps. #renewableenergy #sustainability #energystorage #uk #innovation #climateaction

Up to €5 billion per year in grid investment could be avoided through flexibility trading alone, EU Commission estimates have it. So while we wait for flexible resources like demand response, storage and hybrid grids to rapidly expand in the coming years, localized flexibility markets can already provide a timely solution. ⏱️ And it's a matter of urgency, as renewable energy deployment increases by the day, and as a consequence, grids are facing increasing challenges managing congestion during peak periods. 🤸 Local flexibility markets can already help solve this problem sooner and more cost-effectively than big and expensive grid upgrades. They can optimize power flows in real-time and make better use of existing grid assets while also paving the way for more renewables. One such market is Localflex from EPEX SPOT, which already went live in the Netherlands in cooperation with the Dutch grid operator consortium GOPACS. This EPEX platform directly connects grid operators with flexibility providers, allowing short-term trading to relieve congestion at lowest cost when and where it occurs. Read more about this topic from EPEX themselves following the link below. 👇 The energy transition intensifies and we need flexibility trading to maintain stability as demand and supply patterns change before we do. #energyindustry #energytrading #flexibility

Our expert Ksenia Tolstrup was interviewed by Consultancy.eu, a platform for consultancy news. Why is #flexibility such a trending topic in the #energy sector? And how is Magnus Energy helping energy players pivot their strategies to enable energy system flexibility? “Flexibility in electricity systems has always been vital. The topic is itself is not new. Electricity generation has always needed to match its consumption at all times. But what we are facing now is a combination of two trends. One is decarbonisation with its ambitious targets for integrating variable renewable generation. The other one is #electrification of other sectors, heat (think of e-boilers and heat pumps) and mobility (think electric vehicles), as one of the consequences of moving away from fossil fuels.” "While low-marginal-cost #wind and #solar reduce electricity prices, flexibility comes at a cost and requires massive investment into new low-carbon technologies such as storage. In the end, I see three crucial elements to a successful integration of renewables: flexibility of supply and demand to smooth frequent peaks and troughs, diversification of generation sources to achieve a resilient system, and a robust electricity grid to ensure that power can always be transferred from A to B.” Read the full story here: https://lnkd.in/eFAMpjgc More insights from our experts? Subscribe to our monthly LinkedIn newsletter to get the latest thinking: https://lnkd.in/eraMn3f6 #energy #flexibility #decarbonisation Here to guide you ⤵

“The data makes it clear that the quicker you move on clean energy transitions, the more cost effective it is for governments, businesses and households,” said IEA Executive Director Fatih Birol. “

Last week, the International Energy Agency (IEA) published a very important report that is a must-read: "Rapid rollout of clean technologies makes energy cheaper, not more costly". A clear and straightforward response to understandable concerns about the cost of the #energytransition and future energy prices. In this report, Fatih Birol strongly reminds us that “If policy makers and industry leaders put off action and spending today, we will all end up paying more tomorrow". It's time to accelerate, and ENGIE is taking action with a 22-25 billion growth investment plan between 2023 and 2025, 70% of which will be allocated to #renewableenergies and decentralized infrastructures, and 10% to the development of #renewablegas. Find out more about this major report 👇🏼

🌱 The integration of renewables and smart storage is crucial for sustainable energy systems. Learn how these advancements are shaping our future in this insightful article: https://lnkd.in/dbGk9U9P #GreenEnergy #SmartGrid #EnergyTransition

🚀 Europe’s Battery Storage Boom: Doubling Up in 2023! Exciting news! 🌟 Europe’s battery storage deployment doubled in 2023, reaching 6.7 GWh! This milestone underscores the pivotal role of battery storage in our journey towards a greener, more resilient energy grid. 🟢🔋 Battery storage isn't just about storing energy—it's about integrating renewable sources 🌞💨 and ensuring a stable, reliable grid. As we charge ahead, SolarPower Europe emphasizes the need for supportive policies. Clear market signals and streamlined permitting processes are essential for sustaining this incredible momentum. 📈📜 Looking forward, the forecast is bright: Europe’s battery storage market is set to soar to 95 GWh by 2030. 🚀✨ With continued support and innovation, we're powering a cleaner, more sustainable future. 💪🔋 #BatteryStorage #RenewableEnergy #EnergyTransition #Sustainability #Innovation #GreenEnergy #PolicySupport #SolarPower

🚀 Europe’s Battery Storage Boom: Doubling Up in 2023! Exciting news! 🌟 Europe’s battery storage deployment doubled in 2023, reaching 6.7 GWh! This milestone underscores the pivotal role of battery storage in our journey towards a greener, more resilient energy grid. 🟢🔋 Battery storage isn't just about storing energy—it's about integrating renewable sources 🌞💨 and ensuring a stable, reliable grid. As we charge ahead, SolarPower Europe emphasizes the need for supportive policies. Clear market signals and streamlined permitting processes are essential for sustaining this incredible momentum. 📈📜 Looking forward, the forecast is bright: Europe’s battery storage market is set to soar to 95 GWh by 2030. 🚀✨ With continued support and innovation, we're powering a cleaner, more sustainable future. 💪🔋 #BatteryStorage #RenewableEnergy #EnergyTransition #Sustainability #Innovation #GreenEnergy #PolicySupport #SolarPower

🌱𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲'𝐬 𝐁𝐢𝐠 𝐋𝐞𝐚𝐩 𝐅𝐨𝐫𝐰𝐚𝐫𝐝!🚀 🔋 The new report from the International Energy Agency (IEA) brings exciting news: 𝒃𝒂𝒕𝒕𝒆𝒓𝒚 𝒄𝒐𝒔𝒕𝒔 𝒉𝒂𝒗𝒆 𝒑𝒍𝒖𝒎𝒎𝒆𝒕𝒆𝒅 𝒃𝒚 𝒎𝒐𝒓𝒆 𝒕𝒉𝒂𝒏 90% 𝒊𝒏 𝒕𝒉𝒆 𝒍𝒂𝒔𝒕 15 𝒚𝒆𝒂𝒓𝒔! This rapid decline marks one of the fastest among clean energy technologies. 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐔𝐬𝐞: In 2023, battery deployment in the power sector surged by over 130%. Electric vehicles are also gaining momentum, with sales increasing from 3 million in 2020 to 14 million last year. 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐑𝐨𝐥𝐞 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧: Batteries are proving essential for scaling up renewable energy and electrifying transportation, significantly contributing to reducing emissions. 𝐅𝐮𝐭𝐮𝐫𝐞 𝐆𝐨𝐚𝐥𝐬: At COP28, global leaders committed to tripling renewable energy capacity by 2030 and enhancing energy efficiency—all while reducing dependence on fossil fuels. 𝐖𝐡𝐲 𝐁𝐚𝐭𝐭𝐞𝐫𝐢𝐞𝐬?: They help balance the intermittent nature of solar and wind energy and are vital for increasing global energy storage. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭:The IEA estimates that achieving universal energy access by 2030 would help 400 million people in developing economies through decentralized energy solutions. 𝐖𝐡𝐚𝐭’𝐬 𝐍𝐞𝐱𝐭? The synergy between solar power and battery technology is not only viable but is becoming more cost-effective than traditional coal and gas-fired power plants in many parts of the world. As costs continue to fall, batteries are set to revolutionize our approach to energy consumption and production. 🌍 As we aim for a sustainable future, the importance of innovative policies and diverse supply chains becomes more apparent. Let’s discuss how these developments in battery technology can transform our energy landscape! #RenewableEnergy #Sustainability #CleanTech #Innovation #IEAReport https://lnkd.in/g8QAUGXr

⚡Grid Expansion & Demand Response Essential for Future Energy Stability According to the latest DNV New Power Systems report, as global reliance on fossil fuels diminishes, the electricity demand is set to double by 2050. This increase calls for a significant expansion in global grid infrastructure and innovative demand response strategies to effectively manage the balance between grid supply and rapidly-increasing consumer demands. Key Highlights from the report: ➡ Grid Capacity Expansion: To meet the upcoming demand, the global grid capacity must grow 2.5 times its current size, with an annual investment expected to more than double to USD 970 billion by 2050. ➡Demand Response and Flexibility: The integration of renewable sources like wind and solar, which are set to generate about 70% of electricity by 2050, requires advanced demand response systems. These systems will provide the necessary flexibility to accommodate the variable nature of renewable energy. ➡Technological Innovations: Embracing AI and automated systems will be crucial in optimising grid operations and enhancing demand response capabilities. These technologies will support the grid in adapting to real-time changes in energy consumption and production. The path to a decarbonised energy system is clear. It will require coordinated efforts and significant investments in grid infrastructure and demand response technologies to ensure a stable, efficient, and sustainable energy future. Read the report here: 🔗 https://lnkd.in/eBsm-rvs #demandflexibility #smartgrids #demandresponse #iotsolutions