The UK’s energy regulator Ofgem has launched a new cap and floor investment support scheme in an effort to unlock billions in funding for new Long Duration Energy Storage (LDES) projects.
Highview Power has revealed plans for a long-duration energy storage (LDES) project using its liquid air energy storage (LAES) technology, in Scotland.
President of the IHA Malcolm Turnbull has said that the UK has “almost 7GW of shovel-ready pumped storage hydropower projects with over 135GWh storage capacity”.
Government has launched its consultation on its proposals for kickstarting investment into long-duration energy storage (LDES), which includes a cap-and-floor mechanism and excluding lithium-ion from being eligible.
UK power generator SSE has confirmed it will allocate £100 million in capital to boost Coire Glas – a Scottish-based pumped hydro storage project with the potential to be the “biggest” in 40 years.
Inverter supplier Sungrow and developer Constantine Energy Storage are partnering on 825MWh of BESS projects in the UK, including two with discharge durations of nearly three hours.