HOUSEBUILDING PLANS MUST INCLUDE RELIABLE ENERGY STORAGE, SAYS TITANVOLT CEO

More than 500,000 new homes will be built thanks to a new government-backed ‘housing bank’ that will provide billions of pounds to accelerate housebuilding.

But a key component in tackling the housing crisis and creating efficient, sustainable and affordable housing was missing from the announcement this week.

“Investing in reliable energy storage at scale is a key factor in residential development,” said Titanvolt CEO Neill Richardson.

Zero risk of fire

While 40% of new homes in England are built with solar panels, battery storage has previously been unsuitable for flats and apartments. However, Titanvolt’s next-generation lithium titanium oxide (LTO) batteries are safer than traditional technology.

“Because Titanvolt LTO batteries have zero risk of fire, ours is the first battery technology that can enter flats and terraced housing, and not just detached homes,” explained Neill.

Tackling energy poverty

Significantly, while the new National Housing Bank is earmarking £2.5bn in low-interest loans to support the building of social and affordable homes, accessible energy storage in all house types is an important step towards tackling energy poverty.

“Titanvolt’s LTO batteries will empower households to reduce energy costs and take greater control over their energy usage,” said Neill.

The National Housing Bank, a subsidiary of Homes England, will be backed by £16bn of public investment and will seek to unlock more than £50bn of private investment. It will help housebuilders access cheaper financing, and support the building of new homes, and the refurbishment and repair of existing stock.

Chancellor of the Exchequer, Rachel Reeves, said: “As part of our Plan for Change, the new National Housing Bank will unlock £53bn of additional private investment – giving more working people the security of home ownership and investing in Britain’s renewal.”