Following the big six-power companies’ price hikes, ILI Group Plc today announced that Pumped Storage Hydro (PSH) can save at least £100 on every household’s energy bill, reduce power price fluctuations for customers and offset millions of tons of CO2 emissions every year. There is now over 4.2 GW of PSH in the UK pipeline and this technology, working with renewables such as solar and wind, is a perfect fit in delivering the next generation of clean, reliable, affordable and predictably priced energy.
In fact, the ILI Group have a 450 MW PSH project at an advanced stage of development near Loch Ness in Scotland called Red John which will be able to power almost half-a-million homes. Mark Wilson, CEO of ILI Energy states that “by allowing us to store more clean energy generated from renewable sources for when we need it most, Red John stands to save one million tonnes of CO2 every year – truly unlocking the potential of wind and solar to decarbonise our energy systems.
Some locals are concerned that the monster will be sucked out of the Loch. Safety measures are in place to ensure this won’t happen!
Mark Wilson states that “It’s a pivotal time for the UK Government and how we proceed with our energy mix. It is clear that the next generation has a real passion for our world, which is great to watch with the protests at Parliament. I’m speaking tomorrow at a local primary school to my daughter’s class and I expect their knowledge to be advanced in this subject.”
PSH is a well-proven technology and new projects are being developed successfully alongside battery storage in the US, Spain and Australia.
Notes to editors
Intelligent Land Investments (ILI) Group PLC is a company whose main aim is to bring over 1.5GW of energy storage to the UK electricity market via three new pump storage hydro installations in Scotland.
Mark Wilson, CEO of ILI Energy is available for interview
Issued on behalf of ILI Group Plc by Nicnewmanoxford.com.
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