Business and Energy Secretary Greg Clark launches a new investment programme into developing battery technology

The video discusses the importance of energy storage, highlighting how solar panels and batteries can help store renewable energy. It covers government initiatives to promote battery technology, including financial investments and plans to improve energy efficiency. The economic benefits of energy storage, such as potential savings and reduced reliance on nuclear power, are also explored. Innovations in battery development, particularly in the UK, are highlighted, along with criticisms of the current funding levels. The video concludes with future plans for energy research and development.

Why is it important to store renewable energy?

• Because renewable energy is always available.

• To ensure energy is available when the sun isn't shining or the wind isn't blowing.

• To increase the cost of energy.

• Because it is cheaper than traditional energy sources.

What is the approximate cost of a home battery system mentioned in the video?

• £1000

• £3000

• £6000

• £9000

What is the government's plan to encourage energy storage?

• Reducing taxes on energy companies.

• Setting aside millions of pounds to support startups and businesses.

• Building more nuclear power stations.

• Increasing energy tariffs for households.

How much could be saved in the coming decades with improved energy storage?

• £10 billion

• £30 billion

• £40 billion

• £20 billion

What is the focus of Oxis Energy's battery technology?

• Home appliances

• Aviation and satellites

• Automobiles

• Mobile phones