The latest version of the grid energy storage tender announcement

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The latest version of the grid energy storage tender announcement

6 FAQs about [The latest version of the grid energy storage tender announcement]

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.

What is a long duration energy storage cap & floor investment scheme?

The Department for Energy Security and Net Zero (DESNZ) has announced a long duration energy storage (LDES) cap and floor investment scheme to help bring forward more energy storage schemes. DESNZ said the scheme would be administered by Ofgem and is intended to support a significant uplift in the UK’s energy storage capacity.

Could LDEs be the UK's first long-term energy storage facility?

DESNZ said the LDES investment scheme “could see the first significant long duration energy storage (LDES) facilities in nearly four decades, helping to create back up renewable power and bolster the UK’s energy security.

Is a long-term electricity storage plan a step towards decarbonisation?

Ofgem director of major projects Beatrice Filkin said: “We are pleased to see the government’s publication today on its plans for long duration electricity storage. “Unlocking investment in this important technology is another significant step towards decarbonisation of the power system.

Where will SSE's energy storage system be delivered?

This capacity will be delivered from its battery energy storage system under construction in Salisbury, England (10MW) and its Seagreen Offshore Wind Farm (74MW, SSE share 49%) off the Scottish coast. *A de-rating factor is applied to all capacity according to rules set by the UK Government.

Could 20GW of LDEs save the energy system £24bn?

It also said that analysis showed that deploying 20GW of LDES could save the electricity system £24bn between 2025 and 2050, reducing household energy bills as additional cheaper renewable energy would be available to meet demand at peak times, which would cut reliance on expensive natural gas.

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