Energy Storage-Smart Infrastructure and Connected Assets
Traditionally, battery storage projects have been implemented by utilities and independent power producers for grid management. Lately, commercial and industrial facilities are getting in on the action, taking advantage of onsite storage to regulate the frequency, support voltage/reactive power, and lower peak demand charges. Advances in technology and lower prices make battery storage a more accessible tool for controlling electricity prices, improving energy quality, and managing a plant’s carbon footprint.
The government have committed to double the amount of rapid charge points in the UK taking the total to 5,000. Today's investment of £70m complements the £1.5bn support to accelerate the take up of EVs and help the UK to achieve it's net zero emissions objectives.
The installation of effective EV charging implementation, commercial building owners and managers can add value to properties, increase the convenience and affordability of driving EVs for tenants and employees, and show leadership in adopting advanced, sustainable technologies.
Impact on UK Property Values
The July 2016 IPM report on size and structure of the UK property market estimated the total worth to be £871bn. 2014 research figures from Landmark Information Group showed that 19% of Energy Performance Certificates in England and Wales are currently F or G rated. The figures were cited in The Green Construction Board, Mapping the Impacts of Minimum Energy Efficiency Standards for Commercial Real Estate, August 2014. Therefore £16.5bn of total commercial UK property is estimated to be not complying with Minimum Energy Efficiency Standards legislation and therefore at risk. In the worst-case scenario, if properties are affected by reductions of 10% in capital values, this would result in a fall of approximately £16.5bn in the UK’s commercial property portfolio.