The UK power market is in the process of transitioning from base load generation, provided by coal and nuclear to power generation, based largely on renewables. With the increased use of renewables, comes the requirement for flexible power generation and storage to smooth grid volatility and maintain system stability. This creates the opportunity in which Flexible Grid Solutions operates.
FGS is investing in projects and the infrastructure required to provide these critical services to the UK Grid, services that will only become more necessary in the years to come.
These investments are on trend and dovetail with the UK’s “Net Zero 2050” initiative regarding greenhouse gas emissions and the increasing pressure of the UK grid.
Corcel aims to use these stable energy generation and storage projects to support its overhead requirements and to further develop its battery metal projects.
Current projects include:
Multiple UK projects are currently in the pipeline and are under review for sanction. Potential investments included under the umbrella of Flexible Grid Solutions are: