Smarter Network Storage project in UK secures £13.2m funding

The project is expected to undertake commercial and technological innovations to improve the cost of electrical energy storage.

Expected to have a four-year term the project will also have £4m from UK Power Networks and £1.2m from its eight key project partners KiwiPower, Durham University, Swanbarton, Pöyry, National Grid, Imperial College London, Smartest Energy and AMT SYBEX.

UK Power Networks Strategy and Regulation director and chief financial officer Ben Wilson said that the company will play a key role to enable the transition to a low carbon future.

"The lessons learned from the project will be of significant value to all network operators as the project will support the more efficient and rapid adoption of storage, helping to accommodate more low carbon technologies and reduce overall costs for consumers," added Wilson.

Electrical system in the country is expected to become more sustainable and flexible with the implementation of the project.

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