UK government-led initiative aims to achieve zero carbon emission target and 100% green shift to renewable energy by 2050.
Given the intermittent nature of renewable energy, UK will require 20GW energy storage by 2050 as predicted by the national grid. The battery storage and co-located renewable assets could provide key solutions to renewable intermittency and improve the economics of renewable systems.
Proven battery technologies provide commercially viable energy storage solution and optimize the investment matrix of the battery-based ESS projects.
Battery-based ESS projects will grow the energy storage market to $546 billion in annual revenue by 2035, as predicted by Lux Research, or grow the business tenfold from 2018 to 2023, rising to $5 billion annually, according to Wood Mackenzie.
SWGT aims to provide investors with an attractive and sustainable dividend by investing in a diversified portfolio of ESS projects primarily located in Great Britain, using batteries to import, store, and export power, accessing multiple revenue streams available in the power market including firm frequency response, asset optimisation, grid payments and capacity market.
1.Site Appraisal and Pre-development acquisition
2.Planning permits, Grid offer and land application and financing
1.Maximise investors and shareholders’ value
2.Provide cost efficient design and solutions
1.Excel at EPC, project financing and operational management
2. Accord priority to safety
1.Enhance and maximise portfolio value
2. Utilize a vast variety of financing and investing facilities to achieve financial goals
1.Provide an array of grid support and protection management capabilities with grid connection feeds in to the system
2.Assist in designing the optimal storage solution.