UK energy storage power station subsidies

What is the UK's energy storage Investment Support Scheme?

Credit: David Pimborough / Shutterstock. The government of the UK has launched a new investment support scheme aimed at bolstering the country’s energy storage infrastructure. The initiative aims to encourage the development of long-duration energy storage (LDES) facilities, which have not seen significant investment in nearly four decades.

Could a new energy storage scheme help the UK achieve energy independence?

The UK is a step closer to energy independence as the government launches a new scheme to help build energy storage infrastructure. This could see the first significant long duration electricity storage (LDES) facilities in nearly 4 decades, helping to create back up renewable power and bolster the UK’s energy security.

What is the long duration energy storage Investment Support Scheme?

Long Duration Electricity Storage investment support scheme will boost investor confidence and unlock billions in funding for vital projects. The UK is a step closer to energy independence as the government launches a new scheme to help build energy storage infrastructure.

Will a DPA-style subsidy boost UK energy investment?

The “bespoke” nature of the DPA-style subsidy model will provide revenue certainty and bring investment forward, DESNZ said, adding that the scheme will be “proportionate and limited to what is necessary to achieve the [UK’s] policy objectives” for hydrogen-powered generation..

Will hydrogen power stations get a new subsidy?

Operators will be offered similar support to those fitted with carbon capture and storage The British government has promised to introduce a new subsidy regime for hydrogen-fired power stations, as part of an effort to nail down low-carbon dispatchable electricity supply.

What is SSE Renewables doing in the UK?

SSE Renewables is progressing a development pipeline of pumped storage hydro projects in the UK. In addition to Coire Glas, SSE has plans to convert the largest conventional hydro power station in its existing hydro power fleet, the 152.5MW Sloy Power Station in southern Scotland, into a pumped storage hydro scheme.