From renewable generation to renewable consumption
Innovate UK, the UK’s innovation agency, drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. Its Smart Grants are for ideas that are game-changing, innovative, disruptive and commercially viable. One of those ideas is Swanbarton’s.
UK businesses are deterred from installing renewable generation technologies such as solar PV or wind power, because the per-kWh prices for electricity export offered by electricity supply companies are too low to justify the investment. Businesses that install renewable generation find themselves exporting unused energy at very low prices but, at other times, importing energy, from the same supply companies, at high prices.
This disconnect between renewable generation and local consumption is also creating problems for the regional and national power networks, as unexpected fluctuations in renewable generation flow out into the networks, necessitating costly corrective action.
In a fiercely contested Smart Grants competition, Swanbarton’s engineers have won grant funding for technology to match renewable generation with local consumption. Swanbarton’s work will, we hope, contribute significantly to realizing UK Government’s goal of net zero carbon emissions.
We look forward to telling you more as the work progresses.