Ofgem Selects 16 Long Duration Electricity Storage Projects to Transform Britain's Energy Landscape
Britain's energy regulator, Ofgem, has announced the selection of 16 projects to receive support under its long duration electricity storage cap and floor scheme. These projects encompass various technologies such as pumped storage hydro, compressed air energy storage, lithium-ion batteries, and vanadium redox flow batteries. Spread across Scotland and England, these facilities aim to store and release electricity for eight hours or more to balance supply and demand from renewable energy sources. Ofgem anticipates that these projects will reduce costs by easing pressure on transmission and distribution networks and minimizing the need for new infrastructure or constraint management.
The regulator has released a list of provisionally selected projects and is now seeking feedback from stakeholders to evaluate the value for money for businesses and consumers. This marks the transition of the program from the eligibility assessment phase to the project selection phase. The selected projects are expected to play a crucial role in enhancing the efficiency and reliability of the electricity grid while promoting the integration of renewable energy sources.
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