'Super batteries': Ofgem unveils 'cap and floor' investment scheme for Long Duration Electricity Storage

clock • 4 min read
Drax's Cruachan 'hollow mountain' pumped hydro storage | Credit: Drax
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Drax's Cruachan 'hollow mountain' pumped hydro storage | Credit: Drax

UK energy regulator claims scheme can help remove barriers for scaling large LDES 'super battery' projects, which are increasingly seen as crucial for delivering a clean power system by 2030

Ofgem has announced plans for a new 'cap and floor' investment support scheme designed to unlock billions of pounds in funding for a fleet of the UK's first major Long Duration Energy Storage (LDES) projects...

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