Ørsted & Highview Power to conduct storage assessment

April 11, 2023

Ørsted and energy storage company Highview Power are to conduct a “technical analysis and an economic assessment” to investigate how wind technology  and liquid air energy storage can provide a stronger investment case for future offshore wind projects by reducing wind curtailment, increasing productivity, and facilitating the move to a more flexible, resilient zero carbon grid.

“Storage systems will play a crucial role in supporting the stability of the power network and improving the efficiency of wind farms, encouraging future investment in renewable energy that will boost the UK’s energy security and cut consumer bills,” a statement said.

The lack of renewable energy storage during peak conditions this winter meant that the UK was unable to store as much as 1.35 TWh of wind energy, which could have powered 1.2 million homes with clean, green energy every day. Over this period, the UK had to rely on £60 billion of gas.