About New Energy Storage Policy News Release
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6 FAQs about [New Energy Storage Policy News Release]
How much government funding has been given to energy storage projects?
This was published under the 2022 to 2024 Sunak Conservative government Over £32 million government funding has been awarded to UK projects developing cutting-edge innovative energy storage technologies that can help increase the resilience of the UK’s electricity grid while also maximising value for money.
Can new energy storage technologies boost UK energy resilience?
However, new energy storage technologies can store excess energy to be used at a later point, so the energy can be used rather than wasted – meaning we can rely even more on renewable generation rather than fossil fuels, helping boost the UK’s long-term energy resilience.
Which energy storage projects are receiving funding today?
The energy storage projects receiving funding today include: Sunamp’s EXTEND project, East Lothian, Scotland – will receive £149,893 for a feasibility study to further develop the storage duration of their thermal batteries.
What is the long duration energy storage Investment Support Scheme?
Long Duration Electricity Storage investment support scheme will boost investor confidence and unlock billions in funding for vital projects. The UK is a step closer to energy independence as the government launches a new scheme to help build energy storage infrastructure.
What is energy storage funding & why is it important?
The funding announced today is a key step towards supporting the development and commercialisation of innovative energy storage technologies, in turn supporting the UK’s transition to relying on renewables, while also encouraging private investment and new green jobs.
Where are SSE Renewables constructing a battery project?
In addition to Salisbury, SSE Renewables is currently constructing a 150MW battery project in Ferrybridge, West Yorkshire, which is due to complete in the first half of next year, and a 320MW battery project in Monk Fryston, North Yorkshire, which will be able to deliver flexible energy at scale once completed in up to two years’ time.