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6 FAQs about [National Development Domain New Energy Storage]
Can longer duration storage support a future energy system?
Longer duration storage can support a future energy system with high proportions of renewable energy by providing flexible energy supply and demand, and increasing the resilience of energy networks.
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 long-duration energy storage?
Long-duration energy storage technologies store excess power for long periods to even out the supply. In March 2024, the House of Lords Science and Technology Committee said increasing the UK’s long-duration energy storage capacity would support the UK’s net zero plans and energy security.
Why do we need a long-term energy storage system?
The UK’s energy system relies on the storage of fossil fuels to manage variations in supply and demand over varying timescales. As these are replaced to meet the net zero emissions target, new types of low-carbon, longer duration energy storage will be needed to provide secure energy supplies.
When will the government implement a long-term energy storage policy?
Deployment will also depend on ongoing developments in energy markets and a better understanding and communication of the risks. The Government will implement a policy on longer duration energy storage by 2024. Acknowledgements POSTnotes are based on literature reviews and interviews with a range of stakeholders and are externally peer reviewed.
What is long duration electricity storage (LDEs)?
Long Duration Electricity Storage (LDES) technologies contribute to decarbonising and making our energy system more resilient by storing electricity and releasing it when needed. LDES can also help reduce costs for consumers through reducing their bills and by avoiding the need for expensive electricity grid upgrades.