The world is awaking7 Jun 2022 09:55
Yesteday on line from , I think Telegraph news -might have been the Express, the article I copy below shows that FM was right recently when predicting a vast increase in demand for Vanadium -and remember Largo are the only other free world producer but only have 8 years supply left. The article went;
Energy crisis lifeline: 'Overlooked solution' to prevent blackouts ‘now a reality’
EXPERTS have highlighted industrial-scale power packs that can store excess energy are one crucial way institutions like the National Grid can prevent blackouts.
By ANTONY ASHKENAZ
Climate change, Russia’s invasion of Ukraine, and the global fossil fuel energy crisis has meant the UK has significantly stepped up its commitment to creating renewable energy generation projects. However, these projects will soon run into significant issues, as experts warn that the lack of critical infrastructure has meant that large amounts of energy is wasted in order to prevent the National Grid from overloading.
Because of the lack of sufficient interconnecting cables joining energy-rich remote regions of the UK and power-hungry city centres like London, the UK has to pay around a billion pounds a year asking energy projects like wind farms to shut off, Kona Energy, a British energy firm previously told Express.co.uk.
However, experts have now noted that industrial-scale powerpacks, which are a type of large electric battery, could be the key to helping countries deal with the impacts of the energy crisis.
Anjani Trivedi, a Bloomberg columnist highlighted the usefulness of powerpacks, particularly when facing “escalating bills and more frequent blackouts.”
In a column, she wrote: “There’s a simple solution: Store the energy and use it when the need arises.
“As the market for EV batteries expands and evolves, large industrial-scale powerpacks — energy storage systems, or ESS — are being overlooked as a potential solution to this power crunch.”
These powerpacks are large electricity storage systems that could store large amounts of excess energy from the grid or from other sources to use for a later time.
As renewable energy generation increases, experts have warned that building infrastructure to store this energy for times of high demand is critical.
Ms Trivedi added: “What’s underappreciated about these systems is that they benefit from all the EV battery developments like better energy density and safety, but don’t have the same problems or constraints.”
Exciting times in which we live!
KN
Sign In
Follow the stocks
