globalen
UK hotel runs on battery power

UK hotel runs on battery power

21-01-2019 | Stunning statistics
A battery the size of a delivery truck is being used to power a UK hotel, cutting its carbon footprint while saving money.

The Gyle Premier Inn in Edinburgh has installed the 100-kilowatt battery to help power the 200-room hotel at busy times. The lithium ion battery is three meters cubed in size and weighs five tonnes, making the van-sized unit one of the largest batteries in use in the country.

What has happened?

The battery takes two hours to charge using power drawn from the national grid during off-peak periods which is then used to provide electricity for the hotel during peak times for up to three hours. It therefore enjoys a net gain of an hour’s use of electricity, while simultaneously reducing the peak-hours strain on the grid.

Using the battery will save the hotel about GBP 20,000 a year in energy costs while also reducing its carbon footprint. It forms part of parent company Whitbread’s commitment to cut its carbon emissions in half by 2025.

Stay informed on Sustainable Investing with monthly mail updates
Stay informed on Sustainable Investing with monthly mail updates
Subscribe

Why is it important?

Scotland is a major producer of renewable energy, sourcing much if its electricity from wind and solar power. However, one drawback of renewables is that unlike burning coal, wind speeds and sunshine levels can be unreliable, so using batteries can successfully plug the gap in energy availability.

Batteries can also be used for years and their core components recycled once they come to the end of their productive lives. Hotels, and the commercial real estate sector in general, have been blamed for being major contributors to global warming, partly due to the heat they generate, making energy-saving measures essential.

What does it mean for investors?

“Industrial batteries used by, for example, telecom operators, utilities and the real estate sector, have great potential to lower the overall global carbon footprint,” says Chris Berkouwer, Portfolio Manager with Robeco Global Stars Equities.

“These types of energy storage systems help power grids run electricity more efficiently while also catering for renewable energy integration into the grid. Renewable energy players such as wind turbine makers and solar companies are actually joining forces with the car battery industry to address erratic electricity output.”

“Investment opportunities abound, albeit a crowded area too with many competitors hungry to get a piece of the pie. Chemical companies providing active materials for battery use as well as industrials able to develop large scale production lines for battery producers, are likely best positioned.”

Stunning statistics
Stunning statistics

Every month we look at stunning statistics from the world of sustainability. What do they mean? What is the impact for investors?

Read all articles
Subjects related to this article are:

Disclaimer

The information contained in the website is solely intended for professional investors. Some funds shown on this website fall outside the scope of the Dutch Act on the Financial Supervision (Wet op het financieel toezicht) and therefore do not (need to) have a license from the Authority for the Financial Markets (AFM).

The funds shown on this website may not be available in your country. Please select your country website (top right corner) to view the products that are available in your country.

Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.

By clicking Proceed I confirm that I am a professional investor and that I have read, understood and accept the terms of use for this website.

Decline