09 Nov '12, 1pm

Chancellor: UK must be world leader in energy storage

… to ensure Britain was "the best place in the world to do science". It isn't, but it would make little difference if it were, because we rarely see any economic benefit from our scientific breakthroughs. Others profit after the expensive research and development has been done by the people (SMEs) investors consider a bad risk. The UK has an abysmal track record - of the politician who talks big on science, but will never, ever, "match his words with money". For what it's worth, my view on the practicalities is that - "The future of marine renewables is to incorporate before-generator ENERGY storage into the structure of wind and wave energy converters rather than adding grid ELECTRICITY storage as extras". If you DON"T produce electricity when demand is low, you won't need to store it!!! IF you build 20GW of offshore power that's FIRM, dispatchable and secure (home-grown ...

Full article: http://www.businessgreen.com/bg/news/2223713/chancellor-u...

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