General – Storage System
Subsea 7 and Dutch technology partner FLASC B.V., are pleased to be awarded a grant from the UK government Department for Business, Energy and Industrial Strategy 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.