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What is the UK's energy storage Investment Support Scheme?

Credit: David Pimborough / Shutterstock. The government of the UK has launched a new investment support scheme aimed at bolstering the country’s energy storage infrastructure. The initiative aims to encourage the development of long-duration energy storage (LDES) facilities, which have not seen significant investment in nearly four decades.

What is the energy intensive industries (EII) exemption scheme?

The UK Government supports high energy usage business with their electricity costs through the Energy Intensive Industries (EII) exemption scheme. The scheme is a form of energy tax relief that allows eligible companies to reduce their energy bills through an exemption on taxes that fund low-carbon and renewable support schemes.

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 Relief does the UK government offer for energy intensive industries?

The UK Government offers relief for Energy Intensive Industries in the form of an EII certificate, exempting them from the indirect costs of renewable energy taxation schemes.

How much can a business claim for the EII exemption scheme?

Businesses eligible for the Energy Intensive Industries exemption scheme can claim for 15-30% of the costs of their total energy bills. You can find out how much you can claim by speaking to one of our energy tax experts. How long will the UK Government run the EII exemption scheme?

Which energy storage projects are receiving funding today?

The energy storage projects receiving funding today include: StorTera Ltd, based in Edinburgh, will receive £5.02 million to build a prototype demonstrator of their sustainable, efficient, and highly energy dense single liquid flow battery (SLIQ) technology.

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