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Statkraft and Fluence’s latest project will help lower overall energy cost and increase energy security
The battery-based energy storage project will support lower energy prices by providing some of the most advanced system stability services in the UK. Projects
About this update from Fluence Energy, Inc.
[{"type":"text","content":"The battery-based energy storage project will support lower energy prices by providing some of the most advanced system stability services in the UK. Projects and technology solutions like these enable greater integration of cost-effective energy from renewable energy sources.LONDON, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Statkraft has chosen Fluence Energy UK Ltd. (Fluence), a subsidiary of Fluence Energy, Inc. (NASDAQ: FLNC), to deliver its first battery-based energy storage project connected directly to the transmission network. It is also the third project across the UK and Ireland that Statkraft, Europe’s largest generator of renewable energy, will deliver together with Fluence, a market leader in energy storage products and services, and optimisation software for renewables and storage. Underlining their shared desire to advance the energy transition with world-leading technological acumen, together Statkraft and Fluence will deliver the 50 MW Neilston project, awarded under Phase 2 of the Stability Pathfinder programme. The energy storage system, which will be installed at Neilston Greener Grid Park in Renfrewshire, Scotland, is intended to support the National Grid Energy System Operator (NGESO) in ensuring system stability as more renewable energy sources come online. Unlike other operational energy storage systems in the UK, Statkraft’s project will be able to provide inertia and short-circuit power to the grid to keep it stable. Those services are critical to ensuring energy security and affordability as the energy transition advances. The project will be delivered as part of the NOA Stability Pathfinder. The programme seeks new ways of increasing transmission network stability as the synchronous fossil fuel generators that have played this role so far are being phased out in the UK, with the last coal power stations scheduled to close by 2024. Lloyd Godwin, Principal Project Manager at Statkraft commented, “We are pleased to be working with Fluence who will be providing the technology for our Neilston Greener Grid Park project, which has recently started construction. The project will provide an essential service to stabilise the power grid and allow more renewable energy to be transmitted through the network, without relying on coal and gas-fired power stations. This means fewer harmful emissions, and lower bills for con...