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UK govt claims smart grid seriousness, waves tiny check book

UK regulator Ofgem has outlined plans to invest $320m the Faraday Challenge, to be distributed over the next 4 years, and aim to upgrade the country’s energy infrastructure with battery storage. The plans are good news for battery storage technology providers, and those looking at improving integration of renewable energy generation into the grid, but don’t seem to go far enough to compete with the other major investments taking place in the smart grid ecosystem globally. Ofgem (Office of Gas and Electricity Markets) has outlined measures to simplify the planning and grid connection process for battery storage, and could remove consumption charges (effectively a tax) that currently result in double charging the utilities (and therefore consumers) for storage devices. Removing…

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