Proposed pumped hydro storage scheme with potential capacity of up to 1500MW. It is the first large-scale pumped storage project to be developed in the UK for more than 40 years and would more than double Great Britain’s existing electricity storage capacity.
The UK Government launched a Cap and Collar scheme for Pumped Storage Hydro in 2024 – to be run by Ofgem – which will provide financial certainty for investors on future PSH schemes.
Pumped Storage Hydro schemes have a long term future as an infrastructure asset with Scotland’s existing 2 projects being built in the 1960s/1970s. New projects would be expected to have a 100+ year asset life making them highly attractive long term energy assets.
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