From pv journal India
Gravitricity, a Scottish power storage specialist, has launched a venture to reveal the feasibility of its gravity power storage know-how for grid balancing in India, because the nation has a rising share of renewables. in its energy combine.
The corporate has secured GBP 194,000 ($232,750) from the UK authorities’s Ayrton Fund to discover a demonstration website in India for gravity power storage know-how. The Ayrton Fund, which is a part of the UK’s dedication to Worldwide Local weather Finance, goals to offer creating nations entry to the most recent cutting-edge know-how to assist scale back their emissions and obtain of world local weather change targets.
Gravitricity has developed a gravity-based power storage system that works by lifting heavy weights (as much as 12,000 tons) into deep shafts after which releasing them when power is required. Gravity storage know-how will likely be ideally suited for India, which goals to put in greater than 500 GW of renewables by 2030, up from 100 GW by 2021. This fast improvement of variable renewables that technology – most of it photo voltaic – will carry with it a necessity for power storage.
Gravitricity claims its system can function for as much as 50 years and retailer power at half the price of lithium-ion batteries. In India, it’s working with Panitek Energy on a 12-month venture, which goals to establish and shortlist websites for an illustration scheme.
Gravity storage is a comparatively easy know-how. It does not depend on any uncommon earth metals, and has a really lengthy life, so it may be produced and deployed regionally, stated Chris Yendell, Gravitricity’s venture improvement supervisor.
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