Engineers are concerned Government support for electricity storage is “scant and ill-designed”.
The Institution of Mechanical Engineers says new technology could be a solution to the unpredictability of renewable energy sources like wind power which are to play a key role in the new Energy Bill. It says the UK has the potential to be at the “forefront” of a global industry worth $25 billion (£16bn).
Without enough support from DECC such as policy frameworks to reward the value of electricity storage, this chance could be lost,
The chance to benefit from electricity storage could be lost unless DECC provides sufficient support, suggests Dr Tim Fox, Head of Energy and Environment at Imeche.
He said: “As the UK ramps up its dependence on power generation from intermittent renewable energy sources, like the wind, the need to develop electricity storage technologies becomes ever more pressing.
“But Government incentives and policies to support development and deployment of electricity storage technologies are currently scant and ill-designed. The potential value of storage to the UK power network is at present not well understood by Westminster.”
Imeche says energy storage could even help create cheaper energy. It wants DECC to look at the value of electricity storage for the UK “as a matter of priority”.