latamen
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:

Important information

The Robeco Capital Growth Funds have not been registered under the United States Investment Company Act of 1940, as amended, nor or the United States Securities Act of 1933, as amended. None of the shares may be offered or sold, directly or indirectly in the United States or to any U.S. Person (within the meaning of Regulation S promulgated under the Securities Act of 1933, as amended (the “Securities Act”)). Furthermore, Robeco Institutional Asset Management B.V. (Robeco) does not provide investment advisory services, or hold itself out as providing investment advisory services, in the United States or to any U.S. Person (within the meaning of Regulation S promulgated under the Securities Act).

This website is intended for use only by non-U.S. Persons outside of the United States (within the meaning of Regulation S promulgated under the Securities Act who are professional investors, or professional fiduciaries representing such non-U.S. Person investors. By clicking “I Agree” on our website disclaimer and accessing the information on this website, including any subdomain thereof, you are certifying and agreeing to the following: (i) you have read, understood and agree to this disclaimer, (ii) you have informed yourself of any applicable legal restrictions and represent that by accessing the information contained on this website, you are not in violation of, and will not be causing Robeco or any of its affiliated entities or issuers to violate, any applicable laws and, as a result, you are legally authorized to access such information on behalf of yourself and any underlying investment advisory client, (iii) you understand and acknowledge that certain information presented herein relates to securities that have not been registered under the Securities Act, and may be offered or sold only outside the United States and only to, or for the account or benefit of, non-U.S. Persons (within the meaning of Regulation S under the Securities Act), (iv) you are, or are a discretionary investment adviser representing, a non-U.S. Person (within the meaning of Regulation S under the Securities Act) located outside of the United States and (v) you are, or are a discretionary investment adviser representing, a professional non-retail investor. Access to this website has been limited so that it shall not constitute directed selling efforts (as defined in Regulation S under the Securities Act) in the United States and so that it shall not be deemed to constitute Robeco holding itself out generally to the public in the U.S. as an investment adviser. Nothing contained herein constitutes an offer to sell securities or solicitation of an offer to purchase any securities in any jurisdiction. We reserve the right to deny access to any visitor, including, but not limited to, those visitors with IP addresses residing in the United States.

This website has been carefully prepared by Robeco. The information contained in this publication is based upon sources of information believed to be reliable. Robeco is not answerable for the accuracy or completeness of the facts, opinions, expectations and results referred to therein. Whilst every care has been taken in the preparation of this website, we do not accept any responsibility for damage of any kind resulting from incorrect or incomplete information. This website is subject to change without notice. The value of the investments may fluctuate. Past performance is no guarantee of future results. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency. For investment professional use only. Not for use by the general public.

I Disagree