European utilities are seizing on the increasing importance of providing flexibility to the power grid. Not to be left behind, they need to not only change their operating strategy, but also modernize their generation fleet so it can rapidly respond to volatile system conditions.
This means future large power stations—such as RWE AG’s Tilbury and Drax—will be hybrids, incorporating batteries and gas-fired peakers, according to Bloomberg NEF. The change will make them more dynamic, both operationally and in terms of reinventing their business model as market needs and values shift.
Bushveld Energy, which is 84% held by AIM-listed Bushveld Minerals (LON:BMN) aims to transform Africa by addressing the continent’s greatest obstacle to faster growth and industrialisation, reliable electricity supply. The technology of the Vanadium Redox Flow battery (VRFB) combines the performance advantages of flow batteries with the simplicity of using just one natural element – vanadium.