Commons Sense

House of Commons · Written Ministerial Statement

Consultation on Long-Duration Electricity Storage

09 January 2024 · Department for Energy Security and Net Zero

Proposed by Graham Stuart Con Beverley and Holderness

Energy

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The UK Government has published a consultation to encourage investment in long-duration electricity storage.
  • The consultation proposes a cap and floor investment framework to support the deployment of long-duration energy storage technologies.
  • A copy of the consultation will be deposited in the Libraries of the House.

Issue summary

The statement is about the UK Government's next steps to encourage investment in long-duration electricity storage through a policy framework.

Action requested

The Government has published a consultation proposing a cap and floor investment framework, seeking views on eligibility criteria, mechanism design, and delivery options for encouraging deployment of long-duration energy storage technologies. A copy of the consultation will be deposited in the Libraries of the House.

Key facts

  • The consultation addresses barriers to deploying long-duration electricity storage.
  • External analysis indicates potential cost savings of billions of pounds for consumers through such deployments.
  • The Government's £69m Longer Duration Energy Storage competition supports emerging technologies including hydrogen, liquid air, and compressed air storage.
  • A Call for Evidence in 2021 informed the development of this consultation.
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