Government preps 'cap and floor' regime to boost long duration energy storage market

Cecilia Keating
clock • 2 min read
Drax's Cruachan pumped storage site | Credit: Drax
Image:

Drax's Cruachan pumped storage site | Credit: Drax

Scheme would be modelled on system used to drive investment in electricity interconnectors

The government has proposed the introduction of a revenue cap and floor mechanism for the long-duration energy storage sector, which would aim to incentivise investment in the nascent climate technology....

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