Labour confirms revenue support scheme for long duration energy storage projects

Cecilia Keating
clock • 3 min read
Drax's Cruachan pumped storage site | Credit: Drax
Image:

Drax's Cruachan pumped storage site | Credit: Drax

Cap and floor scheme designed to turbocharge investment in capital intensive energy storage projects that are critical to Labour's 2030 clean power mission

The government has confirmed plans for a new revenue support scheme for long duration energy storage projects in the UK, in a bid to accelerate the roll-out of projects that can help balance supply and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

We need the transition to a low-carbon economy to reverse historic injustices

Why the Women in Green Business Awards is more important than ever

More on Energy

'Startling act of climate hypocrisy': Scottish ministers approve new carbon capture gas power station at Peterhead
Energy

'Startling act of climate hypocrisy': Scottish ministers approve new carbon capture gas power station at Peterhead

Climate campaigners brand new fossil fuelled plant a 'catastrophic failure' from Scottish Government, but developers maintain pioneering project offers major boost to UK's clean energy system

Stuart Stone
Stuart Stone
clock 28 October 2026 • 5 min read
Octopus Energy extends 'Happy Hours' electricity offer through winter
Energy

Octopus Energy extends 'Happy Hours' electricity offer through winter

Scheme will continue to reward eligible customers with free power on the weekend, if they use less power during two one-hour sessions in the week

Amber Rolt
clock 28 October 2026 • 2 min read
Tony Blair Institute calls for re-opening of zonal pricing debate
Energy

Tony Blair Institute calls for re-opening of zonal pricing debate

Think tank again urges government to drop clean power by 2030 plan, as it argues for new incentives for companies to use surplus wind power

James Murray
James Murray
clock 27 October 2026 • 6 min read