Comments on: Gresham House Energy Storage: Batteries Included https://www.itinvestor.co.uk/2021/05/gresham-house-energy-storage-batteries-included/ Exploring the world of investment trusts Thu, 13 May 2021 10:51:45 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: ITinvestor https://www.itinvestor.co.uk/2021/05/gresham-house-energy-storage-batteries-included/#comment-5150 Thu, 13 May 2021 10:51:45 +0000 https://www.itinvestor.co.uk/?p=5177#comment-5150 Thanks diy. It does seem crazy that the battery capacity is so far behind that of the renewables generating the power. I guess it takes time to build the battery infrastructure once the need for widespread systems like this is appreciated by the market.

I see from the sustainability section of the accounts, GRID discharged 170MWh of power over the year, which was more than 5 times greater than 2019 and enough to power 47,000 homes.

]]> By: diy investor (uk) https://www.itinvestor.co.uk/2021/05/gresham-house-energy-storage-batteries-included/#comment-5147 Wed, 12 May 2021 10:57:42 +0000 https://www.itinvestor.co.uk/?p=5177#comment-5147 Great write-up as ever IT.

For me, the most significant move is NGs adoption of dynamic containment. Last year they paid the wind farm operators £millions to switch off their turbines during periods of low demand (covid) and blustery weather and then replaced this clean energy with gas fired production thereby significantly increasing national CO2 levels….a crazy situation.

Storage of excess renewable energy is clearly the way forward and I am confident GRID will increasingly benefit from this, although I also expect increasing competition.

We are planning to increase offshore wind to 40GW by 2030 and will be bringing onshore wind and solar back in the mix this year…which means lots more storage.

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