Another piece of good news coming from National Grid this week. They also announced a £3.5Billion of investment in H1 of this year, to prepare the Grid for a surge of renewable energy projects. It is great to see a proactive approach to moving towards a renewables dominated electricity supply in the UK. Clearly adding utility scale (or any scale) energy storage, particularly co-located with solar and wind projects, helps avoid some grid upgrade requirements, and helps add flexibility and to balance the grid. As will the large number of electric vehicles when V2G becomes an option.
So often we hear that obtaining a grid connection is a difficult, lengthy and expensive process, which holds up the clean energy transition. We do though have to also address, as a sector, there are many renewable and storage projects that have grid connection approval that are not being built, and are standing in the way of projects that can be moved forward. It's good to hear also that National Grid are seeking to solve this problem too. A good news story among such much negativity. Let's celebrate and capitalise on the progress we're making.
Other hold ups for the growth of renewable and energy storage expansion are the weakness of talent pipelines! If you or your projects are being held up by a lack of talent, we at Hyperion are focused on solving that problem for you. Get in touch with one of the team.