Low Carbon Hub, a social enterprise that develops community-owned renewable energy projects in Oxfordshire, is inviting people to invest in the UK’s first community-owned solar energy battery at Ray Valley solar park in Arncott, near Bicester.
Ray Valley was set up by Low Carbon Hub in 2022. But on very sunny days, the park produces more electricity than the local grid can use, and also export prices are usually higher out of solar energy peak hours. Installing a battery means more of the clean energy will get used and the park will earn more money.
Now members of the public and organisations can buy community shares in the planned battery via investing platform Ethex.
Dr Barbara Hammond MBE, CEO, Low Carbon Hub says: “Solar energy used to be heavily dependent on the time the sun was out, but adding battery storage makes the clean power more reliable and consistent day and night.”