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The UK's fleet of four pumped hydro plants providing long-duration storage to the grid, including Cruachan Dam (pictured), was built over four decades ago. Image: Drax.

UK regulator launches ‘cap and floor’ scheme for long-duration electricity storage

April 11, 2025
UK regulator Ofgem has launched a cap and floor investment support scheme to unlock funding for new Long Duration Electricity Storage (LDES).

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