On 14 July the Government announced that planning laws would be relaxed to allow large energy storage units to be built more quickly.
Battery investment specialist Charley Grimston welcomed the statement made by Kwasi Kwarteng, Minister for Business, Energy and Clean Growth,
“These are exactly the sort of infrastructure and investment projects the UK needs. The ability to build more large-scale batteries will supercharge our renewable energy market, allowing us all to enjoy cleaner air as more of our energy comes from green sources. It also opens a door for investors looking for new opportunities in our post covid world, and is of course a very welcome boost for British battery manufacturers, ” Charley Grimston said.
Charley Grimston is one of a handful of experts in the UK who specialise in the investment and insurance side of the renewable energy market relating specifically to batteries.
His company, CNC Asset, developed the first extended warranty products for the renewable market ten years ago. Charley is also co-founder and CEO of Altelium, a company which specialises in lithium ion battery information, and was awarded a million plus grant from Innovate UK in 2018 in recognition of its importance in supporting the UK lithium ion market through applied data analytics.
Grimston is also a member of the British Standards Institution (BSI) steering group developing the UK standards for the safe and environmentally conscious handling of battery packs and modules.
In addition to providing the opportunity for immediate investment in new storage facilities, the announcement from minister Kwarteng also gives a boost to the electric car market as Charley explains:
“Many years down the line from now, people will be able to sell the electric batteries in their cars. The individual, best functioning cells in their car battery can go on to become part of a new large super battery. This second life use is of course very important from an environmental point of view but also from a financial point of view, boosting the cash value of used electric vehicles.”
Grimston said: “British battery manufacturers will also be delighted at this announcement as it provides the opportunity for their market to grow quickly. I see this as a rare example of red tape being cut which will bring both immediate and long-term benefits to the country. It’s just what we need at this time.”
