UK co REDT bags GBP-3.6m grant for wind power storage R&D
Nov 5, 2013 - Renewable Energy Dynamics Technology Ltd (REDT) won a GBP-3.6-million (USD 5.8m/EUR 4m) government grant to continue work on its wind power storage technology, the UK’s Department of Energy and Climate Change (DECC) said today.
The British firm was one of the five companies that received financial support for energy storage research and development. The grants are in line with the UK government’s efforts to boost the use of low-carbon energy sources, including renewable such as wind and solar power. Energy storage is seen as a crucial element of that plan as it helps reduce peak demand and eases the pressure on the grid.
Another awardee -- Moixa Energy Ltd -- received GBP 1.5 million in government money to proceed with a demonstration project that involves the installation of its small battery-based storage units at some 300 UK homes.
South Wales-based Kiwa GASTEC at CRE got a GBP-400,000 grant to examine certain safety issues related to the use of hydrogen as an energy storage vector. A further GBP 396,500 went to Sharp Laboratories of Europe Ltd to support the development and scale-up of a battery technology for residential and community energy storage. Last but not least, EA Technology Ltd secured GBP 104,300 for the creation of a Good Practice Guide on power energy storage for use in the British electricity networks and not only.