Thrive eyes community ownership for UK battery

Mar 28, 2023 11:03 AM ET
  • Co-owned 20MW Bristol project will certainly be a globe initial battery asset
  • Bristol-based Thrive Renewables is joining community energy group, Bristol Energy Co-operative (BEC), to offer local residents the opportunity to have a share of its 20MW battery.
Thrive eyes community ownership for UK battery
Image: Jim Johnston Photography

Thrive has provided BEC an opportunity to co-invest into the project found on the commercial and also house of Feeder Road in Bristol, which means neighborhood great causes will have the ability to benefit from a share of any revenues created.

This is the initial industrial project of its kind where a proprietor has actually supplied the local community an opportunity to co-own a standalone battery asset.

The battery is presently being commissioned as well as will have the capacity to shop and deliver 1.5 hrs or 30MWh of electricity to the national and also regional grid.

Matthew Clayton, Taking Care Of Director of Thrive Renewables, claimed: "Thrive was set up nearly three decades ago to power the UK's clean energy change by attaching people to clean energy-- using co-investment to community teams aids us deliver that.

" To make sure a just shift, we need the advantages of renewables to be neighborhood, providing everyone the opportunity to accessibility cleaner energy, more affordable expenses and also new green jobs.

" Battery storage is an essential modern technology for the UK to get to net zero, storing power when sustainable power is bountiful and making it readily available throughout peak times when usage goes to its highest possible.

" We're thrilled to be dealing with the local community on this project, which not only supports the UK's net zero goals, yet Bristol's ambition to come to be a carbon neutral city by 2030."

The local community have been heavily entailed since the start of the project, with the site initially destined to be a diesel-fuelled STOR plant in 2020.

A team of residents from St Phillip's Marsh formed Residents Against Dirty Energy (RADE) to combat against the plans, as well as the preparation application was turned down.

Andy O'Brien, co-director, Bristol Energy Cooperative, stated: "Community energy provides people agency to take practical action on climate change in their regional community.

" This project is a perfect instance of exactly how the community coming together can produce actual modification.

" Individuals power fought off a highly-polluting diesel system and changed it with the storage space innovation we need to assist us go net zero."

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