Set a target for 25GW of long-duration energy storage by 2035

Set a target for 25GW of long-duration energy storage by 2035

  • Action 23

    23

    Answer

    Set an Energy Systems Operator backed target for 25GWs of long duration energy storage by 2035.

  • Action 24

    24

    Answer

    Publish a new National Policy Statement for non-battery long duration energy storage technologies to enable the delivery of the 2035 target. As a range of long duration energy storage technologies are subject to geographical constraints the National Policy Statement should designate a range of sites such as salt caverns as appropriate.

  • Action 25

    25

    Answer

    Reform the energy market for long duration energy storage technologies to de-risk investments in nascent technologies through longer balancing contracts, a level playing field with gas peakers, and contracts that reward the wider benefits of storage beyond spot prices such as meeting thermal constraints.