Committee to take evidence on the investment environment for long-duration energy storage
The House of Lords Science and Technology Committee will hold its fifth evidence session for its inquiry into long-duration energy storage.
The Committee will hear from Michael Liebreich, Chair and CEO at Liebreich Associates, a long-time investor in climate solutions.
The session will focus on the potential business models that could apply to long-duration energy storage projects. Members will seek to understand what would be required to make long-duration energy storage viable for investors to take interest in, and the potential roles that hydrogen could and should play in a decarbonised economy. They will ask what role the Government should play in setting an overall strategic direction for the energy system, including provision for a strategic reserve of energy generation.
Meeting details
Possible question areas
- What role will long-duration energy storage ultimately play in a fully-decarbonised grid?
- What relative roles should the private sector and the state take in providing the relevant amounts of long-duration energy storage, including a strategic reserve for contingencies?
- What role would hydrogen have in a Net Zero energy system?
- To what extent should the Government set out how it wants a Net Zero energy system to look in order to enable the appropriate levels of investment?
- How can policymakers design a viable business model for long-duration energy storage projects?