Committee to take evidence on business models for long-duration energy storage
The House of Lords Science and Technology Committee will hold its third evidence session for its inquiry into long-duration energy storage.
The Committee will hear from experts on the energy system as a whole, including the Energy Transitions Commission, as well as actors and investors in the private sector, including HSBC, KPMG, and the Long Duration Energy Storage Council.
The session will focus on the potential business models that could apply to long-duration energy storage projects. Members will seek to understand the potential of a long-duration energy storage industry and any barriers to its potential success. They will ask what policy or subsidy support would be needed to make these projects viable as investments and how to unlock private investment in long-duration energy storage.
Meeting details
Possible question areas
- What role will long-duration energy storage ultimately play in a fully-decarbonised grid? What role would hydrogen have in a Net Zero energy system?
- What are the regulatory issues for projects like long-duration energy storage to get established and connected to the grid?
- How can policymakers design a viable business model for long-duration energy storage projects?
- Are there any policy changes which could be effective in supporting the deployment of long-duration energy storage technologies at scale?