UK backs storage start-ups

Some of the cash will be used to advance storage from wind

Some of the cash will be used to advance storage from wind

UK energy storage technology start-ups REDT and Moxia Energy have been awarded a share of more than £5m ($8m) by the Department of Energy and Climate Change (DECC) to push ahead their respective research and development plans.

REDT was given £3.6m to fine-tune a technology to store electricity generated by wind turbines, while Moixa won £1.7m for a compact battery-based, residential-scale concept designed to be installed to discharge power during peak demand times.

“This investment will give these organisations the boost they need to develop energy storage designs, helping cut costs and bringing new technologies to market in this sector,” says energy and climate change minister Baroness Verma.

“The ability to store energy in this way will become increasingly important in the move towards a low carbon economy.”

REDT head of operations Gary Simmonds adds: “The Log in to read complete article.

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