Electricity is at the heart of modern life, and it is providing a rising share of energy services. Demand for electricity is set to increase further as a result of rising household incomes, alongside the electrification of transport and heat, and growing demand for digitally connected devices and air conditioning. Due to the finite nature of non-renewable energy sources and the increasingly pronounced effects of climate change, securing alternative power sources is becoming a huge issue. The amount of electricity generated in the form renewables such as wind and solar is growing year on year. However while the growth of renewables is helping to reduce carbon emissions and tackle climate change, balancing the availability of these resources with varying levels of electricity demand can be a challenge. The biggest problem with wind and solar energy is that they are intermittent.
SWAP has come up with a novel, state-of-the-art system that not only stores energy but rather enables to provide high economical gain by dispatching power between peaks to off-peak times. SWAP is based on a ground-breaking technology that uses water and air pressure to store and generate power.