RE: Need to store green energy18 Sep 2024 08:26
Worth repeating...this is how the government are being advised and why the king has put so much money into GB Energy. They desperately need MORE UKOG's so of course they'll be snapping UKOG's hand off to help!!!
Https://royalsociety.org/news/2023/09/electricity-storage-report/#:~:text=There%20are%20currently%20three%20hydrogen,Cheshire%2C%20Wessex%20and%20East%20Yorkshire.
What is the future of electricity storage in Great Britain (GB)?
In order to meet GB’s needs in 2050, construction of large hydrogen stores must begin in the near future. There is also a need for large-scale demonstrations of other storage technologies. If the incentives that will be required to catalyse the necessary investments are not in place soon, GB will not have the storage that will be required when it is needed.
Storing most of the surplus as hydrogen, in salt caverns, would be the cheapest way of doing this.
The report, based on 37 years of weather data, finds that in 2050 up to 100 Terawatt-hours (TWh) of storage will be needed, which would have to be capable of meeting around a quarter of the UK’s current annual electricity demand. This would be equivalent to more than 5,000 Dinorwig pumped hydroelectric dams. Storage on this scale, which would require up to 90 clusters of 10 caverns, is not possible with batteries or pumped hydro. Storage requirements on this scale are not currently foreseen by the government. Work on constructing these caverns should begin immediately if the government is to have any chance of meeting its net zero targets, the report states.
Amazing potential and finally UKOG is in the right place at the right time.
Royal society report estimates 90 clusters of 10 caverns.....900 caverns required and they need to be incentivised to build them now!!!
Looks like any company entering the space will get government and financial support and there's currently nowhere near enough. UKOG are very well placed with the expertise to deliver..... could be so much bigger than any of us have predicted so far !!!!!!!!