The cap and floor mechanism, which is used to finance interconnectors, should be adapted to stimulate an eight-fold increase in long-duration electricity storage capacity that the UK will need by 2035, Aurora Energy Research has urged. In a new study, the consultancy said up to 24GW of long-duration storage, which can store electricity for four hours or more, will required by then to ensure continuity of supply as the electricity system becomes increasingly reliant on intermittent solar and wind power.
Support needed to boost long-duration storage to 24GW by 2035
