1. The Committee is one of many select committees in the House of Lords, focused on examining general issues affecting the country.
2. The report highlights the need for coordinated investment in LDES technology and strategic energy storage to achieve net zero emissions and protect against energy supply shocks.
3. Concerns were raised about the exclusion of lithium-ion batteries from the LDES business model, with the Committee emphasizing the need to diversify focus away from lithium-ion technology.
A Committee in the House of Lords, independent from the House of Commons, released a report highlighting the need for a coordinated effort to invest in LDES technology, with a focus on strategic storage reserves to achieve net zero emissions and protect against energy supply disruptions. The energy industry raised concerns about the exclusion of lithium-ion batteries from the government’s LDES business model, stating that this decision should be reconsidered. The Committee noted that the industry’s focus on lithium-ion batteries has hindered the development of other LDES technologies.
The Committee praised the government’s energy system reforms, including the commitment to a Strategic Spatial Energy Plan, but raised concerns about the lack of clarity on who will implement the plan and how future energy supply crises will be managed. The report urges a shift away from the predominant focus on lithium-ion batteries and calls for greater investment in a diverse range of LDES technologies. For more information, visit Current for the full story.