Sherwood Power stores excess wind and solar electricity, releasing it during expensive periods to reduce business user cost and/or generate revenue.
The Problem we solve – The UK has the most expensive industrial and commercial (I&C) electricity in Europe, the I&C sector consume over 50% of the UK’s electricity (175 TWh p/a) paying 16 – 33 p/kWh and spending over £20 billion p/a (ONS), Norway and Denmark pay less than 6p/kWh (eurostat).
Business electricity users must remain flexible and competitive while reducing their CO2 emissions, manage climate risk and meet stakeholder expectations.
Electricity has a different price at certain times of the day, businesses need a constant cost while using intermittent renewables.
Wind and solar require increased grid balancing, in 2019 National Grid paid £1 billion, by 2020 it was £2 billion, storage is an opportunity to increase grid and I&C flexibility while reducing costs.
Sherwood Power Electrical Energy Storage uses a patented air Free Air Battery, taking excess renewable electricity to compresses air, store it in cylinders, and capture 99% of the heat. At peak demand (4-7:30pm) the reheated air is released making electricity from a turbine generator, to reduce electricity costs and/or make revenue from National Grid balancing markets.
Sherwood Power FAB EES is long duration storage 1-10 hrs 1-100 MW (1-1,000 MWh+). With the lowest capital cost per kilowatt hour, it is patented, a modular design, built from mature and reliable technologies, stores long duration power without loss, is fully recyclable with zero emissions, cleaning ambient air during operation and has a minimum 30-year life.
Sherwood Power sells the FAB to the client with an extended warranty backed maintenance contract or leases the FAB with a PPA, the client reduces capacity charge, avoids excess transmission and distribution costs.
Industrial, Commercial and Government consume 50% of all United Kingdom electricity. Sherwood approaches this market segment directly, in partnership with independent brokers and electricity generators.