UK based firm Powerstar has won two prestigious international innovation awards for its energy storage system.
The UK based company scooped the ‘Overall Winner’ and ‘Grid & Renewable Integration’ categories for its Powerstar Virtue ESS during European Utility Week.
The company narrowly missed out on taking three awards— it was shortlisted in the ‘Energy Storage’ category.
The transformer based Powerstar Virtue uses Powerstar voltage optimisation technology to harness induced negative power (back EMF) or store renewable energy for ad hoc usage.
The solution also allows energy stored during periods of low demand to be used when required— such as peak shaving.
Powerstar recently secured a €1.65m (£1.21m) grant from the European Union’s Horizon 2020 Innovation and Research Programme in relation to Powerstar Virtue.
The funding will result in a joint project between utility firm E.ON Energy and Warwick University to commission a 3MW installation at a UK retailer.