The UK regulator has revealed the eligibility criteria of LDES cap & floor scheme. Ofgem has confirmed that the cap & floor scheme will open to LDES assets that can provide power of 8 hours or more up from six hours put forward in earlier proposal. The regulator said that its current understanding of LDES suggests technologies such as liquid air electricity storage (LAES), compressed air electricity storage (CAES) and flow batteries will “come forward with a TRL of 8 and be assessed in stream 2.
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