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Consultation on Long-Duration Electricity Storage

09 January 2024

Proposing MP
Graham Stuart Con
Beverley and Holderness
Type
Written Ministerial Statement
Department
Department for Energy Security and Net Zero
View on Parliament.uk -->

At a Glance

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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