Tesla innovation to hit the renewable world hard.
There are no two ways about it – the UK Government wants us to move towards a sustainable environment. The evidence is clear – CCL tax, CCA introduction, CRC, ESOS, EMR etc. The cost of electricity is being driven up.
Eight years ago, 80% of the total cost of an electricity invoice was attributed to wholesale energy costs. Today, this is less than 50%. Why? Because, non-energy costs are increasing. The reason for this is two fold:
1. To finance the UK’s move to a renewable world.
2. To incentivise customers to use less.
I understand the push towards renewable generation. As a country, we have targets to meet and it is evident that conventional sources of power generation are harmfully impacting the Earth. But doesn’t progress feel slow! The shutdown of DECC. Indecision on Hinkley Point. Where is the clear agenda for our clear problem? What are we meant to do in the meantime?
I was speaking about this topic with a very close friend of mine over a beer or ten in the local pub. He told me to read a blog written on Tesla and the renewable future. It’s an extremely well written piece by Tim Urban:
The article made me realise that Tesla really have got it right. Their progression of the electric car and even a future attempt to colonise Mars is fascinating. However, of more interest to me is how they see batteries playing a very important part in the way we use electricity in the future.
Just one of the ways batteries can help is with Demand Side Response (DSR). The concept of DSR has been around for a while. Shift loading from expensive times of the day to cheaper times of the day. However, most businesses can’t simply cut down on production. Yes you can stick on the back-up generators, but that is a process that feels a little dated.
Battery storage can be the game changer. How?
1. Store electricity generated through solar panels. Then use that electricity during peak times of the day.
2. Store electricity generated through solar panels. Then sell that electricity to National Grid during peak times of the day.
3. National Grid suddenly has a much easier job when it comes to balancing the network on a daily basis. Electricity generation waste is kept to a minimum.
Tesla has built a Giga-factory to create these batteries. Their supporters believe that this is the future, and I do too. Yes, we need to look at how we generate electricity and move towards renewables. But whilst we wait, let’s use batteries to make sure that what is currently being generated is used in the most efficient way possible.