Long Duration Electricity Storage investment support scheme will boost investor confidence and unlock billions in funding for vital projects.
Drax Power Station in North Yorkshire, in the north of England. The government has approved a multi-billion dollar plan to capture the carbon emitted by the plant which burns
With the help of government subsidies that run until 2027, it has converted four former coal plants to use biomass to provide around 6% of the
The UK government recently announced the heads of terms of a new subsidy for large-scale biomass generation at Drax Power Station from 2027-31. From April 2027, the new
The project incorporates Tesla Megapack lithium-ion batteries. Image: TagEnergy. Renewable energy developer TagEnergy has energised what it claims is the UK''s
These two subsidy schemes, now under legislative review, include PLN 4 billion (MF) and, respectively, €200 million (RRP) budgets to aid businesses investing in lithium-ion technology
These two subsidy schemes, now under legislative review, include PLN 4 billion (MF) and, respectively, €200 million (RRP) budgets to aid
British energy storage project subsidies The UK government is launching a new funding program to unlock investment in long duration storage, a key part of its drive to optimize the expansion
British energy storage project subsidies A new era for renewable power and energy security begins today (Tuesday 8 April) as Ofgem launches a new cap and floor investment support
Major developers of UK energy storage projects include EDF, Pivot Power, Statera, and RES, with each company active in several power supply and flexibility markets, providing services to
The UK will exempt clean energy technologies from business rate rises while tenders for large-scale renewables will allow bids to include
While universities invest in solar panels and heat pumps, student energy bills subsidise a power station that burns forests. The £2 billion
The UK should not lose out on an opportunity to become a leader in utility-scale BESS (pictured), argues Nick Bradford of Atlantic Green. The UK Battery Strategy is intended
With Poland''s SA (Storage Acceleration) subsidy program gaining momentum, stakeholders are scrambling to understand how to tap into this goldmine. This article breaks down the Poland
Let''s face it—energy storage isn''t exactly dinner table conversation for most folks. But if you''re a project developer, policy wonk, or someone who''s ever wondered why
1. Energy storage subsidies exist in numerous provinces across various regions, fostering the adoption of renewable technologies, 2. In Canada, provinces like Ontario and
A new era for renewable power and energy security begins today (Tuesday 8 April) as Ofgem launches a new cap and floor investment support scheme, unlocking billions in
The safety of UK battery energy storage systems (BESS) were among the subjects discussed at the Energy Storage Summit 2024 held in
Power Storage Station will be constructed by Nijio Co.,Ltd., a wholly-owned subsidiary of Tokyo Gas Co., Ltd. with subsidies from Sustainable open Innovation Initiative (SII). renewable
The spokesperson insists that "many other forms of UK power generation" also receive government subsidies, and Drax receives funding for
Italian solar energy storage subsidies The European Union (EU) Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy. The
The UK government recently announced the heads of terms of a new subsidy for large-scale biomass generation at Drax Power Station from
Its deployment will help reduce the UK''s reliance on imported gas and provide vital energy balancing services to the grid, not just for instant response but also for longer
The strategic coordination of government subsidies with energy storage development and source-grid-load-storage (SGLS) integration represents a pivotal challenge in
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.
Great Britain currently has 2.8GW of LDES capacity across four pumped storage hydro schemes in Scotland and Wales. Other technologies, such as liquid air energy storage, compressed air energy storage and flow batteries, could also benefit from the scheme.
“The flagship project in the Scottish Highlands can shift the dial on pumped hydro storage – harnessing the power of wind and water to become Britain’s biggest natural battery, storing excess renewable energy at times of low demand and supporting a future clean electricity system with instant power.
NESO, in its Future Energy Scenarios report, has advised the Government to add an indicative range of 2.7 to 7.7 gigawatts of stored power by 2035. This addition would at least double Great Britain’s current strategic reserve of 2.8 gigawatts spread across four pumped storage hydro schemes in Scotland and Wales.
Coire Glas received planning consent from the Scottish Government in 2020 and, with an electricity storage capacity of 30GWh, would double Britain’s total current electricity storage capacity – providing vital back up to an increasingly renewables-led system and bolstering energy security.
SSE Renewables hopes to make a final investment decision on the 1.3GW project pending successfully securing a cap and floor agreement in an appropriately designed scheme. Robert Bryce, Director of Hydro, SSE Renewables, said:
