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Drax pulls Cruachan II pumped hydro project from UK LDES cap and floor, cites rising costs

Summary by Energy Storage News
UK power generation firm Drax will not bid its Cruachan II pumped hydro energy storage (PHES) project into the LDES cap and floor scheme, saying that costs have risen while 'recoverability of capital' is unclear.
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Drax will not bid for LDES cap and floor scheme

Generator Drax has announced that it will not bid its Cruachan II pumped hydro energy storage (PHES) project into the long duration energy storage (LDES) support mechanism.

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Energy Storage NewsEnergy Storage News

Drax pulls Cruachan II pumped hydro project from UK LDES cap and floor, cites rising costs

UK power generation firm Drax will not bid its Cruachan II pumped hydro energy storage (PHES) project into the LDES cap and floor scheme, saying that costs have risen while 'recoverability of capital' is unclear.

Read Full Article
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Energy Storage News broke the news in on Thursday, May 1, 2025.
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