Dive Summary:
- Lithium-ion battery-maker Samsung SDI Co. and SDI Electric Co. are teaming up on a U.K. energy storage project.
- The £18.7 million ($28.6 million) will see Samsung SDI providing lithium-ion batteries for a Bedfordshire, England, substation capable of storing as much as 10 megawatt-hours of power.
- The project is meant to push Britain closer to developing the commercial-scale storage necessary for wind and solar plants, and the Electricity Storage Network estimates the country will save as much as 300 million a year if 2 gigawatts of storage is installed by 2020.
From the article:
... U.K. Power Networks Holdings Ltd., the network operator, is leading the project at its Leighton Buzzard primary substation. The battery will charge during times of low demand and release power when needs are greatest, Jones said. It will smooth power flows to the grid, allowing more space for renewable generation. ...