Why a £246m investment in battery tech development is crucial

Endeco Technologies are long time advocates of using power in businesses and homes to balance the UK’s electricity network. It’s the fundamental reason the business was set up in 2009. Allowing individuals and businesses to participate in the energy market, as well as large generators and suppliers, is critical to the future of our electricity network.

Generation, storage and use of power at the right time is essential, and incentivising these actions is a positive step, given the continued electrification of our lives, whether it’s cars, heating, air conditioning or entertainment systems.

Energy prices are expected to rise by up to 40% by 2020, largely to support the changing electricity mix and upgrading of our infrastructure, meaning sharing the benefits of greater participation is a necessity, not a luxury.

Batteries sit at the core of our future network, creating flexibility in when electricity is generated and where it is used – when previously this has not been possible.

In conjunction with a high-end energy platform, such as Endeco’s, batteries can also enhance a business’s ability to take part in demand side response schemes and take advantage of additional revenues, further bolstering their strategy to reduce net energy spend.

With the right technology made accessible, we know that battery will sustain and support carbon reductions through renewable integration, advance network and business resilience, and create an inclusive and cohesive energy economy for all.