LONDON–(BUSINESS WIRE)–New analysis commissioned by Highview Power1, the leading developer of long-duration energy storage (LDES), reveals that an acute lack of long-duration energy storage capabilities is undermining the UK’s ability to reduce its dependence on gas and achieve long-term energy security.
Since the energy crisis began in September 2021, the UK has wasted over 1,300 GWh of wind power – enough free renewable energy to power 500,000 homes a day. As a result, the UK spends more money turning off wind farms and using gas as a backup, at a cost of over £390 million since September 20212.
A new survey conducted by YouGov3 for Highview Power reveals that 43% of UK adults think the UK imports too much gas, rising to 54% among 2019 Conservative voters. Figures from the Office for National Statistics reveal the UK imported nearly £20 billion of gas in 2021, a…