EDF and SWGT of the UK have agreed to let the former maximize the potential of the battery technology to facilitate the development of energy storage units. This collaboration will inform the upscale of 30 megawatts of battery storage assets for SWGT to meet the requirements that EDF and Powershift have put together to develop a grid that supplies the consumers’ energy.
The partnership will ensure that the three utilities’ employees get their cut on time and that the energy supplied is reliable. EDF outlined that SWGT and its owners will enjoy high returns on investment if the plans are pulled through as scheduled in the contract they signed. EDF explained that the project would inform the development of the renewable energy capacity that SWGT generates to 65 GWh every year covering the imports and other trade options. Moreover, the company will have the guts to supply its energy to the national grid to initiate the development of the first unit of continuous electricity supply.
On the other hand, the collaboration will raise the capacity of assets that EDF enjoys to source revenue to reach a notable 255 MW mark. The chief investment officer of SWGT, Olivia He, stated that the project is evidence that the energy industry is shifting from the emissive production line that was also expensive to venture to the clean energy line. The clean energy resources in these cases are renewables, which the UK hopes can restructure the country’s economy while answering the problem of climate change.
The executive reiterated that the objective of SWGT is to advance to become a consultant and supporter of the renewable energy programs in the UK to cut down the carbon print that has graced the energy industry for years while degrading the land where the fossil fuels have been extracted.
The executives of SWGT said that they want to utilize EDF expertise to stabilize their energy sources and create a market that aligns with the transition to clean renewable energy. Moreover, this strategy will help the company yo automate its operations and create more branches in the country from where they can meet consumers’ demands.
The head of commercialization at EDF, Adam Clarke, expressed his satisfaction after SWGT choosing to collaborate with their company. He noted that the company has appreciated EDF’s expertise and opened doors for more commercial contracts with other interested energy utilities. To sum up, this deal will help the UK start implementing the strategies that Boris Johnson articulated in his speech concerning the clean energy transition.