Global Organization

Should the UK invest in a strategic reserve of electricity storage?

A strategic reserve of electricity storage is a critical investment to secure the UK’s energy supply against future shocks, but the Government is still equivocating over whether it is necessary to invest in one. “Since 2023, the Government has had a Department for Energy Security and Net Zero.

Why do we need a coordinated energy storage strategy?

A coordinated effort is needed to unlock investment in long-duration energy storage and to ensure a strategic reserve of storage is delivered both to achieve Net Zero and to insulate the UK from future energy supply shocks such as the 2021–22 energy crisis.

Could long-duration energy storage technology be a key to energy security?

Baroness Brown of Cambridge, Chair of the House of Lords Science and Technology Committee. A House of Lords committee has warned the Government that it must act fast to ensure long-duration energy storage technologies can scale up in time to play a vital role in decarbonising the electricity system and ensuring energy security by 2035.

How many states have energy storage policies?

Around 15 states have adopted some form of energy storage policy, including procurement targets, regulatory adaption, demonstration programs, financial incentives, and/or consumer protections. Several states have also required that utility resource plans include energy storage.

Does the government have a clear plan for energy supply risks?

“In light of the huge economic damage the recent energy crisis has caused, it is distressing to see that the Government lacks a clear plan for energy supply risks and indeed is still deliberating over investment in energy storage to prevent future crises.” Baroness Brown of Cambridge, Chair of the House of Lords Science and Technology Committee.

Does the UK need long-duration energy storage?

Long-duration energy storage is critical for ensuring the UK can have both, so it must be a key priority for the Department. “The Government says it wants to deploy enough storage both to balance and to decarbonise the electricity system by 2035, but we are not on track.

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