Highview Power and Orsted have completed their joint investigation into the benefits of combining long duration energy storage and offshore wind.
Highview, which has developed Liquid Air Energy Storage (LAES) technology, carried out in-depth analysis of technical performance, route to planning approval and route to market with a rigorous regulatory and economic assessment, with Orsted.
The results show that there is value to combining offshore wind with LAES to support reducing wind curtailment, increasing productivity, and helping the move to a more flexible, resilient zero carbon grid.
Further, as a result of this study, the companies believe a project can be developed and built aligned with the timeline of an offshore wind farm.
The project findings will be fed into the UK Government’s “Long Duration Energy Storage” consultation process to demonstrate the benefits of LAES in delivering the shift to clean energy.
The UK will need up to 100 gigawatt hours of energy storage by 2050 according to estimates from National Grid ESO’s Future Energy Systems Scenarios.
Richard Butland, CEO at Highview Power, said: “The successful co-location of Highview Power’s liquid air energy storage with Orsted’s offshore wind offers a step forward in creating a more sustainable and self-sufficient energy system for the UK.
“By enabling renewable energy to be stored and used on-demand, we are on an important journey to help to accelerate the UK’s journey towards energy independence and net zero emissions.”