Energy storage executives from global assurance and risk management provider DNV analyse the UK government’s proposal to kickstart investment into long-duration energy storage (LDES).

The UK government has launched its consultation on its proposals for kickstarting investment into long-duration energy storage (LDES), which includes a cap-and-floor mechanism and excluding lithium-ion from being eligible.

Norwegian power company Statkraft has agreed to acquire a 450MW pumped storage hydro project being developed near Loch Ness in Scotland, UK.

Drax Group has secured development consent for a 600MW underground pumped storage hydro (PSH) plant in Scotland, UK.

Serentica Renewables has signed an offtake deal for 1.5GWh of pumped hydro energy storage in two Indian states with Greenko Group.

Canadian energy company TC Energy has announced that its pumped hydro energy storage project in Ontario will soon receive a final evaluation from the Canadian Ministry of Energy.

A large-scale pumped hydro energy storage project in Washington State has passed a key stage of approvals, while another in South Dakota has been dropped.

Energy firm EnBW has been given the go-ahead to start work on a pumped hydro energy storage (PHES) project in Germany.

UK utility SSE has put £100 million (US$123 million) into its Coire Glas pumped hydro project in Scotland for pre-construction activities, but said that new policy is needed for it go to final investment decision (FID).

The government of New Zealand considering viability of pumped hydro among its options to plug energy deficits of between 3TWh and 5TWh.