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Businesses ‘waste billions’ stockpiling rubbish

960 640 Stuart O'Brien

Homes and businesses across the UK are storing rubbish and old junk that is wasting space, energy, rent and rates.

That’s according to research by Censuswide for Skoup, a ‘pay-as-you-throw’ service for surplus clutter and waste.

The research indicates that homes and business are wasting space and money on storage for bulky items that they’ll never use, such as sofas, filing cabinets, old equipment and general junk that can’t be recycled at the kerbside.

The data also found that the average home is wasting six square feet of living space, storing rubbish because the items are too large or too difficult to recycle or dispose of.

The scale of this waste at national level is eye-opening: Collectively, the national “waste of space” in UK homes amounts to 3,444 acres of living space, equivalent to the entire floor space of 164,000 average sized UK houses, 1,722 football pitches or ten Hyde Parks.

The worst part of the country for storing rubbish is Norwich, where the biggest hoarders store a colossal 7.36 square feet on average in their homes.

In the South East a staggering one in 50 homes have more than 20 square foot dedicated to junk storage. Age was also a factor in hoarding – the baby boomer generation (age 55+) store more than twice as much junk as Gen Z (age 16-24).

“Many of us wish that we had more space in our homes and businesses, and often we overlook the rubbish that has literally become part of the furniture,” said George Pearce, Commercial Development Manager, who is leading the national launch of Skoup.

To gauge pent-up demand, Skoup placed a skip in a street in Solihull and filmed what happened next. The skip was filled within just three hours.

“If you replicate what we did with this experiment nationally, it’s clear that there are thousands of skips’ worth of rubbish that UK homes are desperate to get rid of, not counting the extra waste that they tolerate,” Pearce added.

Businesses are also housing unwanted desks, chairs, old equipment and more, according to Skoup polling. The average office of a small business has enough space taken up with rubbish to seat an additional two employees and most say they have been hoarding for a matter of years rather than weeks or months.

Office floor space equivalent to just one employee’s work area can cost around £6,000 per annum, based on a per square foot rental fee of £4 per month.

“When you consider the cost of business rent and rates for storing rubbish, clutter and junk, the total national bill for SMEs alone stretches into the tens of billions of pounds per annum, which is simply staggering,” Pearce added.

Censuswide surveyed 2,000 respondents across the UK between 20th and 23rd September 2019.

Image by Thomas B. from Pixabay

Global battery energy storage market to grow to $13.13bn

960 640 Stuart O'Brien

The global battery energy storage market will grow to $13.13bn by 2023, with Asia-Pacific (APAC) and EMEA the dominant markets.

The report from GlobalData reveals that a fall in technology prices and increasing pace of development in the power market are the primary driving factors for the growth.

APAC will continue to be the largest market reaching $6.05bn in 2023, as countries are increasing investments for improving their grid infrastructure and improving the market structure to attract foreign investments. With respect to technology, Lithium-ion is and will continue to be, the preferred technology for market deployment.

Bhavana Sri, Power Analyst forGlobalData, said: “The US has been the largest market for Battery Energy Storage System (BESS) both in terms of cumulative installed capacity and by market value for projects installed up to 2018 and is likely to continue to lead the market at the country level. The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market.”

Asia-Pacific was the largest market for battery energy storage systems and it accounted for 45% of the global market installed capacity in 2018 and the region is also expected to maintain its top position in the forecast period.

With the number of grid-connected renewable electricity generation plants increasing tremendously, countries such as China, India, Japan, South Korea, and the Philippines will focus on frequency regulation in the electric grid to normalise the variation in power generation from renewables.

The EMEA battery energy storage market registered a market value of approximately $1.73bn in 2018 and it accounted for 26% of the global market. The region has strong demand for flexibility, due to technological advancements, evolving market conditions, strong research facilities, and supportive policies. Middle East and Africa are small markets with demand for storage expected to increase once renewable power generation gains significant traction in the market.

The Americas battery energy storage market registered a market value of approximately $1.97bn in 2018 and it accounted for 28% in 2018. The battery energy storage market in the region is growing, with countries such as the US, Chile, Canada and Brazil promoting battery storage installations across consumer segments. Some US states have robust incentive programs, most notably California, which adopted an ambitious target for 1.3GW of energy storage by 2020, which it surpassed and a new target is awaiting approval.

Bhavana Sri concluded: “With countries aggressively promoting the modernisation of grids, and developing their capability to handle the demands of the present and future, batteries are being deployed to support smart grids, integrate renewables, create responsive electricity markets, provide ancillary services, and enhance both system resilience and energy self-sufficiency.“Market conditions are improving and more companies are moving into a decentralised generation, leading to an increase in the onsite deployment of renewables and batteries; as in with micro or mini girds. Supportive policies and high electricity charges are also nudging the market towards renewables and/or storage plus renewables at the end consumer level. As the power sector evolves to accommodate new technologies and adapt to varying market trends, energy storage will play a central role in the transition and transformation of the power sector.”