Smart Power, a newly-created British company, claims to have found a solution to a crisis facing every energy company in the world.
The system works by storing renewable energy produced from solar panels or small wind turbines and then using it as electricity at the site and converting any excess into hydrogen which can be used as vehicle fuel or central heating fuel.
Smart Power is currently seeking backing from Scottish Enterprise and hopes to show-case this process with Fife Council.
Marc Stanton, (PhD) Commercial Director, Clean Power Solutions, the company handling sales of the system explained: ‘Now it’s possible to store all the energy produced from any size of renewable energy systems and use it when renewable power isn’t available’.
‘In addition, because of the revolutionary design, it means that locations that previously couldn’t be connected to the Grid can now be connected.
“This means that farmers and commercial companies could save millions of pounds by taking advantage of the Government’s Feed in Tariffs.
“The really clever part is that it can absorb the reactive power, balance the phases and control voltage rises in the local Grid network. This means that in areas where the network has been weak, it can now be strengthened by the installation of the system.
“This means that now, electricity companies are positively encouraging companies and farmers to install the system. Now, any sized system can be connected to the Grid without the need for expensive upgrades to the network.
The Government recently announced an £11 million scheme to encourage the creation of a hydrogen infrastructure to provide fuel for the forthcoming Hydrogen powered vehicles.
This means that companies and farmers could now create their own fuel, and also create an income stream selling hydrogen to other hydrogen end-users. Every major car manufacturer has announced the development of Hydrogen vehicles and several of them are due to be launched in the UK in 2015.