Sompting battery energy storage project’s budget increased to £23.6million
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Previously West Sussex County Council agreed to use its former waste site off Halewick Lane to store used batteries which would take electricity from the National Grid during cheap off-peak times and return it for a much higher price when demand is at its peak.
Last year the plans had been downscaled in the first phase, with the door left open for future expansion.
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Hide AdHowever the business case for the project has been re-examined due to rising costs and a ‘first life’ battery option is now being proposed.
This would increase both the capacity from 12 to 24 MW and the budget from £12.1m to £23.6m.
After financing costs the net income over the lifetime of the project is estimated to be £46.7m.
A county council officers’ report describes how a first-life system ‘will allow longer-term performance warranties to be purchased with any risks associated with faults or under-performance being substantially mitigated’.
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Hide AdThey added: “Battery storage is a rapidly growing industry and will remain a key contributor to supporting electricity network challenges across the country.
By developing this battery storage site, the council will maintain a position of leadership in this sector.”
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