China Energy Storage Network News: The Danish renewable energy consulting agency K2 Management recently issued a warning in a research report that if the UK does not provide more financial incentives to promote energy storage deployment, it may not be able to achieve 100% clean energy adoption by 2035 Target.
K2 Management called on the British government to introduce rate incentives to attract investors to provide funds for the deployment of large-scale energy storage systems, and to upgrade solar and wind power assets to a level sufficient to meet the country's energy needs. An analyst at the company pointed out that another solution might be to establish a contract for difference (CfD) mechanism, similar to a system that guarantees the return of solar power generation facilities, without putting public finances into the risk of excessive losses.
Compared with the message conveyed by the UK, the host of the COP26 climate change summit, which is keen to demonstrate its clean energy qualifications, K2 Management recently issued a press release stating: “The growth of renewable energy in the UK is at its lowest level since 2010. "
The company also called on the United Kingdom to take new measures to accelerate the development of wind power, and pointed out that the lack of energy storage incentives partly explains why the United Kingdom will be short of clean energy power in ten years.
Gary Bills, the company’s project manager for Europe, Africa and the Middle East, said: “In addition to planning restrictions on wind farms, the UK also needs to deploy more energy storage systems. In the past few weeks, the renewable energy industry has been driven by high oil prices. As well as the challenges posed by the high energy bills for consumers, they have been criticized. But only through a significant increase in the mechanism of unlocking the potential of energy storage can renewable energy begin to make a meaningful base load power contribution-including a series of financing Energy storage technology.
To this end, we must incentivize investment in energy storage technology-through rate expansion or contract for difference (CfD) mechanisms, which enable us to co-locate storage in new and existing wind farms and solar farms. Energy system, and provide clean energy outside the intermittent power generation window of renewable energy.
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