Otherwise, future longer-duration energy storage needs will be left unmet without significant change, the report found.
The Longer-Duration Energy Storage: The missing piece to a Net Zero, reliable and low-cost energy future report estimates that the UK will need at least 30GW of longer-duration energy storage by 2050.
The report concludes that this target is currently undeliverable based on the present market and regulatory framework.
REA’s analysis found that an Income Floor would be the best market mechanism for supporting this category of storage, but that a Regulated Asset Base model could be a suitable alternative.
Highlighted barriers included the relatively short length of contracts for capital intensive projects and a ‘salami sliced’ procurement of services.
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18 February 2021
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The UK, as host of the next round of UN climate talks, must take the opportunity to show how nuclear energy is essential to decarbonisation, Tim Stone, chairman of the Nuclear Industry Association, said at a Westminster Energy Forum conference last week. In fact, I would go as far as to say: No nuclear? No net zero.
UK Nuclear Industry Association Chairman Tim Stone (Image: NIA) We talk about 2050 as a tipping point in terms of climate change, but now is the tipping point if we re going to do something about it because the pace and scale of what we have to do is colossal, Stone told delegates at the 11 February webinar
17 February 2021: With a strong track record of stimulating post-crisis economies, infrastructure development was always going to feature heavily in government recovery plans – particularly given its central role in achieving carbon neutrality. Infrastructure, however, is not a quick fix.
The much-anticipated Energy White Paper was published by the Department for Business, Energy and Industrial Strategy (
BEIS ) on 14 December 2020, setting out its strategy for the UK s energy transition over the next decade. The Energy White Paper focuses on strategy in six key areas: consumers, power, the energy system, buildings, industrial energy and oil & gas.
Much of what has been set out in the Energy White Paper is not new. For one, the Energy White Paper builds on the UK government s Ten Point Plan for a Green Industrial Revolution (the
Ten Point Plan ). However, committing this strategy to a White Paper brings the proposals set out by BEIS one step closer to future legislation.