Demand for batteries6 Sep 2024 16:02
I was in a meeting this morning with a director of a UK electricity network provider. I cannot name names for confidentiality reasons. He said that his company was moving encouraging businesses, hospitals, schools et al to buy electricity at night, when it is relatively cheap, and to store it in batteries for use during the day. Any surplus stored electricity can be bought by the network provider and sold to other customers when unit prices are higher. The underlying message was "batteries are the future". Invinity is in the right place.