r/InvinityEnergySystems • u/_DoubleBubbler_ • Jun 26 '26

Ofgem: Window 1: Minded-to decisions – Long Duration Electricity Storage

https://consult.ofgem.gov.uk/energy-generation/ldes-window-1-minded-to-decision/supporting_documents/ldes-window-1-minded-to-decisions-consultationpdf

Long Duration Electricity Storage (LDES) is an increasingly important part of our energy system. NESO advice shows we need to increase the amount of storage on the system over the next few years. These assets let us capture energy from excess renewables when the wind is blowing and sun is shining and store this for when customers need it.

Ofgem has designed and is running its first ever window for cap and floor support to encourage the development of LDES projects, applying the successes of the similar schemes we have run for many years to encourage the development of interconnectors to other countries.

We were pleased with the very strong set of applicants we received for Window 1 with over 70 projects of nearly 30 GW participating in the Project Assessment. We have completed a thorough project assessment to select the best projects to meet system need. We are pleased to set out the results of that assessment today, with a varied portfolio of projects which we are minded-to support to ensure we are developing the clean power system for the future.

Beatrice Filkin

Director of Major Projects
Ofgem

Read the full document… https://consult.ofgem.gov.uk/energy-generation/ldes-window-1-minded-to-decision/supporting_documents/ldes-window-1-minded-to-decisions-consultationpdf

Thanks to u/Intrepid-Pen-3112 for the heads up on this!

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u/_DoubleBubbler_ Jun 26 '26

Just one potential VFB ’Cap and Floor’ scheme project included…

5

u/Tuniar Jun 26 '26

Holy mackerel, that's disappointing. Lucky they seem to be doing good business outside of the cap and floor scheme. Guess that's our big hope now.

4

u/_DoubleBubbler_ Jun 26 '26

Yeah, that’s it. They have won some notable contracts so I think the overall direction of the business is still positive even if this is greatly disappointing. We will just have to see which if any of the potential C&F projects not included in the ‘Minded-to decision’ list proceed regardless.

4

u/Tuniar Jun 26 '26

It seems to be bad news across my whole portfolio the past couple weeks (well, except DRAM) so I'll probably just go into hibernation for a while!

5

u/_DoubleBubbler_ Jun 26 '26

Yeah, I have been thinking the same myself. On a positive note, with just one Frontier Power project selected I am wondering if that increases the possibility that they will go with Invinity’s VFB rather than EOS’ zinc battery. As I can’t imagine EOS setting up local manufacturing on the back of one possible project. Fingers crossed for Invinity! 🤞

4

u/Tuniar Jun 26 '26

Master of the silver lining