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Ofgem has shortlisted energy storage projects for the new LDES cap and floor scheme, featuring Li-ion BESS, flow batteries, pumped hydro and more. Ofgem has announced that 77 of the 171 submitted energy storage projects will proceed to the next stage of the LDES cap and floor scheme. Credit: T. Schneider via Shutterstock.
It drew 171 proposals totalling 52.6GW of discharge capacity. Li-ion battery energy storage systems (BESS) dominated the initial submissions with 112 projects, making up nearly three-fourths (38.6GW) of the total proposed capacity.
“This is another huge step forward in reversing the legacy that has seen no new long duration storage built for 40 years – a technology that will see Britain take back control of its energy supply and protect billpayers for good.
Government analysis has found that 20GW of LDES, the current target set for 2050, could save the electricity system £24 billion between 2030 and 2050, cutting household energy bills as additional cheap renewable energy reduces reliance on more expensive natural gas.
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