UK Unveils Investment Support for Renewable Energy Storage

The UK on Thursday announced a new support scheme for renewable energy storage projects, which will offer developers of long-duration energy storage LDES facilities a guaranteed minimum income. The UK government expects to open to applicants next year the first round of the scheme under the so-called ‘cap and floor’ model, which would provide a guaranteed minimum income for developers, in return for a limit on revenues.

Energy storage could also reduce 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. “We’re reversing a legacy that has seen no new long duration storage built for 40 years - and taking steps to unleash private investment in both established and new technologies,” Energy Minister Michael Shanks said.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Banks Pledge $386 Billion to Support India's Renewable Energy IndustryIndia has secured $386 billion in investment commitments from financial institutions to support its ambitious goal of achieving 500 GW of renewable energy capacity by 2030.
Herkunft: OilandEnergy - 🏆 34. / 68 Weiterlesen »

Ayrshire-based Scots Whisky giant unveils 'significant investment' plansWilliam Grant & Sons Distillers Ltd is seeking permission to build the storage facility at its sprawling plant at the Grangestone Industrial Estate.
Herkunft: Daily_Record - 🏆 9. / 89 Weiterlesen »

Tony Bloom urged to seek out Rangers investment over Hearts for 10m investmentBloom's sports analysis company Starlizard are in talks over an investment in the Jambos
Herkunft: Daily_Record - 🏆 9. / 89 Weiterlesen »