How Can LDES Support Net Zero and Unlock New Market Opportunities Across Europe?

Synopsis

The UK has set a precedent for LDES in Europe, with final details around the cap and floor scheme being released in March 2025, and the first projects expected to be approved by Q2 of 2026. With batteries dominating the space, no new ‘traditional’ LDES infrastructure has been built in the last four decades, owing to numerous barriers, including high upfront costs. This keynote will examine how the proposed cap and floor regime aims to confront this crucial issue and enable the expansion of LDES and transition to net-zero.