The SPIRE Project aims to establish the likely future value of energy storage as a variability management mechanism for the Single Electricity Market. This will be achieved through scenario and market modelling and aspects of research and demonstration in order to illustrate the storage technologies best suited to meeting market needs at the small (domestic), medium (distributed) and large (utility) scale.
The SPIRE Project is led by Ulster University’s Centre for Sustainable Technologies partnered by the Centre for Renewable Energy at Dundalk Institute of Technology and is funded by European Union’s Interreg IVA Programme, managed by the Special EU Programmes Body (SEUPB).
The technologies under investigation are heat pumps and thermal storage at a domestic level, flow batteries and ice banks at a commercial/industrial distributed scale and compressed air energy storage at the large utility scale. Ulster leads on modelling, scenario development and demand side mange options with heat pumps and thermal storage, Dundalk leads on flow batteries and ice banks, while Gaelectric Energy Storage LTD. has been appointed as lead contractor to develop practical and theoretical assessments for compressed air energy storage.