CENTRICA PLC 'Ultimately the Cornwall Local Energy Market project is about developing the integrated technology solutions needed for a fully decarbonised electricity system. We are working with businesses across the county to deliver solutions which help them to both decarbonise and benefit from the opportunities of a changing energy market.'
Charles Cameron, Group Technology & Engineering Director, Centrica
- Centrica Business Solutions has begun work on a new battery storage unit that will form the latest element of its pioneering Cornwall Local Energy Market
- The 1MW battery will be one of Cornwall's largest batteries once complete
- Battery to be connected to Local Energy Market to provide energy resilience to Cornwall Council owned Wave Hub site and the local grid.
George Eustice, Member of Parliament for Camborne, Redruth and Hayle, visited the Wave Hub site in Hayle, Cornwall, where Centrica has begun work on a new battery storage unit that will form the latest element of its pioneering Cornwall Local Energy Market.
Centrica Business Solutions has designed the 1MW battery to provide energy resilience to the Cornwall Council owned Wave Hub site and the local grid. It will be one of Cornwall's largest batteries once complete.
The multi-award-winning Cornwall Local Energy Market offers a glimpse into the future of a truly decentralised energy landscape with thousands, if not millions, of homes and businesses playing their part in regional energy markets.
It goes further than any previous project in exploring how decentralised flexible assets can work together in an efficient local energy system that meets the needs of generators, customers and networks alike - reducing strain on the grid at peak times and maximising the productivity of Cornwall's famous renewable energy generation.
Wave Hub sits within Mr Eustice's Camborne and Redruth constituency.
'This Conservative Government has committed to reducing carbon emissions to net zero by 2050, and it will need innovation, collaboration, and action to get there. This partnership between Centrica and Cornwall Council at Wave Hub is a great example of how the private and public sectors can work together to help tackle climate change. Flexibility markets like the Cornwall LEM, can empower domestic consumers to take control of their energy costs in a simple and effective way. I've also heard today about how other industries are unlocking new revenue streams by trading energy generated on their sites with other businesses across the local energy market. This is a great example of technology enabling change.'
George Eustice, MP for Camborne, Redruth and Hayle
'We're delighted with this project, not only because of the use for Wave Hub's grid connection, but also because of the opportunity to begin exploring how flexibility markets, such as the Cornwall LEM, might integrate with the first, floating offshore wind turbines at the Wave Hub site and, in the longer term, large floating offshore wind projects that we are seeking to develop in the Celtic Sea.'
Steve Jermy, Executive Chair, Wave Hub Ltd
Wave Hub Limited exists to help floating offshore wind and wave energy technologies and developers from around the world test their technologies in open sea conditions and provides some of the best wind and wave conditions in Europe.
Wave Hub Limited, which is solely owned by Cornwall Council, will own the battery storage system once in place, with Centrica responsible for the funding, construction and operation.
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Michael Pullan, Senior Communications Manager
E: Michael.Pullan@centrica.com
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Natasha Mahmoudian, Senior Public Affairs Manager
E: Natasha.Mahmoudian@centrica.com
- Centrica plc is a leading international Energy Services and Solutions provider. Our purpose is to provide energy and services to satisfy the changing needs of our customers, enabling the transition to a lower carbon future. We've been serving customers for over 200 years and aim to be at the centre of their daily lives - central to helping them run their world in ever more sustainable ways.
- The Cornwall Local Energy Market is part-funded by the European Regional Development Fund under the European Structural and Investment Funds Programme 2014-2020
- The project is receiving £11m of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. For more information about the project visit: https://www.centrica.com/news/centrica-build-pioneering-local-energy-market-cornwall-0
- The Ministry for Housing, Communities and Local Government (MHCLG) is the Managing Authority for the European Regional Development Fund in England
- Established by the European Union, the European Regional Development Fund (ERDF) helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding
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Centrica plc published this content on 09 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2020 11:47:19 UTC
