Seeking to modernise the UK’s energy system and maximise the potential of renewables, the British government has awarded £30 million to three pioneering companies to develop new energy storage technologies. According to the government, accelerating the uptake of these technologies will not only save billions of pounds in energy costs, but also help balance the National Grid, and increase the country’s energy security. The funding will help the businesses test and prepare their technology for the market, encourage private investment, and create new jobs across the UK. The selected companies are the following: Invinity Energy Systems The battery maker will…
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