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Graduate News: News

Hybrid Storage Plant to be Developed

Monday 29 June 2015   (0 Comments)
Posted by: Ivelina Crowley
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The Irish firm Schwungrad Energy has announced that the first Hybrid flywheel energy storage plant is to be developed in Ireland.

It is being developed in collaboration with the Department of Physics and Energy at University of Limerick and it will be based in Rhode, County Offaly. It has received the the support of Beacon Power, LLC, a US-based company.

Approximately 30 to 40 jobs will be created during the construction phase which is now underway. A further 10 to 15 sustainable jobs will follow. Flywheel technology produces small but highly flexible amounts of power to suit grid requirements. 

Schwungrad received the first phase of up €2.55m European Commission Horizon 2020 funding to assist the project in December 2014, aiming at developing a hybrid system security and reliability technology, to overcome technical barriers and enable the establishment of low carbon and efficient energy systems. 

Additional investment has been received from Offaly-base company, PR Projects and the European Commission, to facilitate development of European's first Hybrid flywheel system service facility. EirGrid selected the project as a potential 'Demonstration Project' under its Smart Grid Programme. The initiative promotes and supports the development, trialing and proofing of new concept, solutions and technologies. It focuses on projects that demonstrate specific smart grid concepts in an Irish power system context, particularly system services.

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