SSE notes today's decision by Ofgem to include Coire Glas as one of 16 Long Duration Electricity Storage (LDES) projects named in its ‘Minded-to-Decision’ list for receipt of cap and floor investment support. SSE will now assess the outcome of the LDES project assessment and will engage fully with Ofgem to work through a significant number of points of detail, which will need to be resolved for the project to progress.
Coire Glas is one of the UK’s most advanced pumped storage hydro projects and its potential delivery would support a cleaner, more secure and more affordable energy system.
Any final decision to progress the project would be taken in line with SSE’s continued focus on capital discipline and with strict adherence to its return thresholds.