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Home » News » UK Government Favors Cap and Floor Investment Framework for Long-Duration Electricity Storage
News

UK Government Favors Cap and Floor Investment Framework for Long-Duration Electricity Storage

By Philip BrooksJanuary 10, 20242 Mins Read
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The UK government has unveiled its preference for a cap and floor investment framework as the chosen mechanism to stimulate private investment in large-scale, long-duration electricity storage projects. The decision, outlined in the Department for Energy Security and Net Zero's (DESNZ) consultation on Long Duration Electricity Storage, aims to reinforce and stabilize the nation's electricity

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