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22/08/2017

Energy Vault Solution To National Grid's 'Moment Of Change'

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High Demand on The Grid

With increasing demand on the National Grid, the Government is searching for new ways to reduce the strain.
New rules will make generating electricity through solar panels far easier; which people can then store in batteries and sell to the National Grid; therefore, making profit.

In the BBC's most recent article surrounding the National Grid and new rules, the Government and energy regulator Ofgem said: "If they work, consumers will save £17bn to £40bn by 2050."

Furthermore, demand on the grid is highest at peak times. The Government is looking to reduce this by briefly turning off some domestic, electrical devices (such as freezers) to help balance the demand. Also, switching on devices via the internet would maximise the use of solar panels when the sun is shining. People currently face tariffs when using electricity within their homes. The Government now understand this must change for people to use power more flexibly and individuals with solar panels / battery storage will benefit from this rule change first.

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Nicola Shaw, executive director of National Grid, told BBC News that between 30% and 50% of fluctuations on the grid could be smoothed by households and businesses adjusting their demand at peak times.


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