LDES Council Statement on Department for Energy Security and Net Zero Funding Announcement
The Department for Energy Security and Net Zero in the U.K. announced a £30 million government boost to capture and store more renewable energy. Long Duration Energy Storage Council CEO Julia Souder commented:
“This investment is a clear signal from the Department for Energy Security and Net Zero that long duration energy storage (LDES) will play a vital role in delivering a secure and affordable UK energy transition.
"The UK is already an LDES pioneer, with market conditions that provide a positive environment to support these new technologies to reach maturity at scale and pace, and deliver real impact this decade.
“This investment could prove to be a pivotal moment for the UKs energy grid, and we hope to see it have global ramifications, to stimulate more of this type of investment into LDES around the world.”