Long duration energy storage–77 projects proceed to Project Assessment as Ofgem makes its eligibility assessments
Energy analysis: Louise Dalton, Edward Longden and Ivor Deeleman of CMS Cameron McKenna Nabarro Olswang LLP provide their analysis on the 77 projects, from an initial 171 applications, that have progressed to Project Assessment stage of the UK’s Long Duration Energy Storage (LDES) cap and floor subsidy scheme. The authors also outline the newly published Multi-Criteria Assessment (MCA) framework, Cost-Benefit Analysis (CBA) methodology, Cost Guidance and Financial Framework, and note the proposed capacity of 28.7 GW significantly exceeds previous government signals.