The UK government Department for Business, Energy and Industrial Strategy (BEIS) has provided £32.9 million (US$39.67 million) to five energy storage projects to support the development of new technologies such as thermal batteries and liquid flow batteries.
The funding has been provided to the winners of the second phase of the Longer Duration Energy Storage (LODES) competition which aims to scale innovative new energy storage technologies and increase the nation’s capabilities.
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“Accelerating renewables is key to boosting our energy resilience. Energy storage helps us get the full benefit of these renewables, improving efficiency and helping drive down costs in the long term,” said Minister for Climate Graham Stuart.
In February, it was announced at Solar Media’s Energy Storage Summit 2022 that a total of 24 projects had received £6.7 million funding via the LODES Programme by that point.
It was stated the awards had been split into two streams: Stream 1 is for demonstration projects of technologies considered close to commercialisation and aiming to accelerate that process so that they can be deployed on the UK energy system. Stream 2 seeks to accelerate the commercialisation of innovative projects through building “first-of-a-kind” prototypes of full systems.
To read the full version of this story including details of winning projects, visit Current±.
Energy-Storage.news publisher Solar Media will host the eighth annual Energy Storage Summit EU in London, 22-23 February 2023. This year it is moving to a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.