UK BEIS provides funding for Offshore Energy Storage Technology
Subsea 7 and technology partner FLASC B.V., are pleased to be awarded a grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) for £471,760, to further develop an innovative 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.
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