MED will acquire and develop a portfolio of flexible, small scale, multiple Reserve Power generation plants throughout the UK producing 300 MW of safe and clean power through natural gas. This will be fed into the National Grid to contribute to stable electricity provision and help prevent future shortages by balancing out the national grid at critical times and thereby reducing future blackouts events. The sites targeted by MED are too small on their own to interest any of the medium or large power producers, offering an opportunity to MED to build up to 300 MW in a very short space of time.
https://www.siemens-energy.com/uk/en/energy/the-balancing-act-of-stabilising-the-grid.html; Digest of UK Energy Statistics 2020 dated 30 July 20; Fossil fuels fall to record low proportion of UK energy mix | Environment | The Guardian; UK electricity from renewables outpaces gas and coal power | Renewable energy | The Guardian; UK Electricity Generation: How the UK is Reducing Fossil Fuel Usage (powercompare.co.uk) UK; UK Power Grid Balancing Costs up 96% in July – Simply Switch; UK: power capacity outlook by energy source 2035 | Statista
The UK electricity system is one of the most sophisticated in the world – a complex machine with many moving parts. Previously, large coal, gas and nuclear power plants were the main source of electricity, dominating the UK electricity generation market. These plants were relatively easily controllable and could be turned up or down in response to national demand.
As new forms of generation are progressively replacing traditional plants, 1000’s of decentralized generators are changing the pattern of electricity flows. As the flow of electricity is getting more complex, the National Grid ESO works hand in hand with the energy industry, continually finding ways to innovate, invest and adapt the electricity system to keep electricity flowing reliably to consumers across the UK.
Generated electricity is transported through the UK’s nationwide transmission network. The it is moved to where it is needed, balancing supply and demand second by second, 24/7. The National Grid ESO operate the system but is not responsible for the infrastructure.
Aggregators are businesses that work with industrial and commercial energy consumers, who are able to flex their energy use to reduce or increase their demand in response to price signals.
Distribution Network Operators (DNO) move electricity from the grid through their own network to homes and businesses, converting high voltage electricity that’s in the network to the lower voltage electricity that homes and businesses use.
Suppliers buy electricity from generators and then sell it on to customers, competing to supply homes and businesses who are free to choose any supplier they like.
Reserve power (RP) is the process of timing energy supply so it can be used during periods of peak demand
Smaller grids can only manage smaller power plants, requiring peaking plants to be installed in areas of need
Plants comprise multiple small reciprocating engine gensets (1.5-4MW) housed in containers that include noise abatement
and control systems
Plants are unmanned with remote dispatch of gensets through data connection
Offtake and EPC agreements secured, Development and monetisation already locked-in
MED has partnered with highly successful, international leaders and Blue Chip service providers such as Statkraft (offtake), AB Group and Clarke Energy (EPC and O&M)
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Our Board is a combination of experience of business, industry and project development.