Energy storage could save taxpayers in Germany some €3 billion (US$3.3 billion) in subsidies for renewable energy assets by 2037, simply by increasing demand in the wholesale electricity market.

The UK government is looking to bring in policy specifically around long-duration energy storage (LDES) by the end of next year.

The implementation of regulative security is all that is needed to bring in investment for long duration storage.

A cap and floor regime would be the most beneficial solution for supporting long-duration energy storage in the UK, a report from KPMG has found.