London shared energy storage project

What is the long duration energy storage Investment Support Scheme?

Long Duration Electricity Storage investment support scheme will boost investor confidence and unlock billions in funding for vital projects. The UK is a step closer to energy independence as the government launches a new scheme to help build energy storage infrastructure.

What is long-duration electricity storage (LDEs)?

Long-Duration Electricity  Storage (LDES) refers to energy storage systems that can store and release electricity for long periods, typically eight hours or more. These systems help balance the supply and demand of electricity, especially when using renewable energy sources like wind and solar, which can be unpredictable.

What is Gresham House Energy Storage fund?

About the Company and the Manager: Gresham House Energy Storage Fund plc seeks to provide investors with an attractive and sustainable dividend over the long term by investing in a diversified portfolio of utility-scale battery energy storage systems (known as BESS) located in Great Britain and internationally.

Is grid energising a 100MW / 100mwh Melksham project?

Energisation of 100MW / 100MWh Melksham project, GRID's largest project to date Gresham House Energy Storage Fund plc (LSE: GRID), the UK's largest fund investing in utility-scale battery energy storage systems (BESS), is pleased to announce that it has energised its Melksham project, a 100MW / 100MWh BESS near Bath ("Melksham").

Could 20GW of LDEs save the energy system £24 billion?

Government analysis has found that 20GW of LDES, the current target set for 2050, could save the electricity system £24 billion between 2030 and 2050, cutting household energy bills as additional cheap renewable energy reduces reliance on more expensive natural gas.

Will the UK be a step closer to energy independence?

The UK is a step closer to energy independence as the government launches a new scheme to help build energy storage infrastructure. This could see the first significant long duration energy storage (LDES) facilities in nearly 4 decades, helping to create back up renewable power and bolster the UK’s energy security.