The Technology Strategy Board has awarded Swanbarton Limited a grant through its Emerging Energy Technology competition to fund a 12 month feasibility study to assess the business models for electricity storage. This grant from the Technology Strategy Board will allow Swanbarton Limited to develop the results of an earlier project that demonstrated that local energy markets, which incorporated electricity storage, had significant economic benefits for participants. The project includes a simulation of and assessment of Business models for local energy markets while the inventive trading devices that will facilitate local energy trading, allowing households and businesses to buy and sell electricity among themselves, will be developed.
Information on the Technology Strategy Board competition can be found here.
