Green Light for Long Duration Energy Storage in Great Britain
But the National Energy System Operator (NESO) has estimated that we need up to 15.3GW of LDES by 2050 to meet our net zero target. Deploying 20GW of LDES could save
Long-Duration Electricity Storage (LDES) refers to energy storage systems that can store and release electricity for long periods, typically eight hours or more. These systems help balance the supply and demand of electricity, especially when using renewable energy sources like wind and solar, which can be unpredictable.
Government analysis has found that 20GW of LDES, the current target set for 2050, could save the electricity system £24 billion between 2030 and 2050, cutting household energy bills as additional cheap renewable energy reduces reliance on more expensive natural gas.
Energy storage technology aids grid operators in managing the variable energy generation from renewables like solar and wind energy. However, the development of advanced energy storage systems has been highly limited in selected regions with highly developed economies.
Despite the decrease in the energy storage system (ESS) cost, ESS remains expensive, and the upfront investment required is difficult to overcome without government support. The United Kingdom energy storage systems market is segmented by type and application.
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