Subsea 7 and technology partner FLASC B.V., have been awarded a grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) for £471 760, to further develop an offshore energy storage system.
Funding has been awarded as part of the Longer Duration Energy Storage (LODES) Competition. The competition recognises the transition to increasing wind generated renewable energy, which presents growing opportunities for storage systems that support a secure, flexible, and reliable electrical power supply.The PowerBundle concept will combine FLASC’s proprietary Hydro-Pneumatic Energy Storage (HPES) technology and Subsea 7’s proven subsea pipeline bundle technology, resulting in a scalable and robust offshore energy storage solution.Liam Macintrye,…