Neil Gray MSP, the Scottish Government’s cabinet secretary for energy, has called on the UK Government to provide developers with "certainty" for new pumped storage hydro (PSH) plants.
Drax has submitted an application for planning consent to expand its pumped hydro Cruachan Power Station in Scotland to 1GW, but stressed the need for proper frameworks to support long duration energy storage in the UK.
SSE has renewed its call for policy support for long-duration electricity storage (LDES), following the government’s British Energy Security Strategy.
A meeting between energy storage representatives and energy minister Greg Hands has this week taken place, with discussions centring on unlocking investment in energy storage technologies.
The technical solutions needed to operate a net zero electricity system by 2035 are available or attainable, Regen has found, though a step-change in the level of investment is still needed.
Investors are increasingly turning attention to the Balancing Mechanism and Capacity Market for future long-duration battery storage revenue streams, with new research from LCP suggesting batteries can play a larger role in both.
