Is this the Next Big Thing?
A new NFU briefing document offers our perspective on the rapidly-emerging technologies (in particular large batteries) which can store and regulate electricity flows in the local grid network, as well as enhancing the value of on-site renewable electricity generation.
Electricity storage is widely expected to present a fast-growing and so-called ‘disruptive’ new energy service opportunity, falling dramatically in cost over the next few years in much the same way as solar PV generation has done since around 2010.
Recent developments in the electricity storage market are likely to enable farmers to connect more intermittent renewables like solar PV and wind power to weak electricity networks in remote areas, where on-site generation may have been previously dismissed as impractical.
NFU members can download the NFU energy storage briefing here.