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‘PowerBundle’ concept receives over £470,000 grant

Thursday, February 24 2022

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.

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Filed Under: Energy storage system, Finance, FLASC, International News, Subsea 7 Tagged With: Energy storage system, FLASC, Subsea7


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