Ireland’s 2030 renewables target under threat due to lack of policy for long-duration energy storageIreland’s 2030 renewables target under threat due to lack of policy for long-duration energy storage

Cornwall Insight has revealed a ‘policy vacuum’ for long-duration energy storage technologies threatens Ireland’s renewables potential.

George Heynes, Senior Reporter

June 5, 2024

1 Min Read
Ireland’s 2030 renewables target under threat due to lack of policy for long-duration energy storage
Cruachan Dam, part of Drax's Cruachan pumped storage hydro site. Image: Drax.

A ‘policy vacuum’ for long-duration energy storage (LDES) technologies is threatening Ireland’s 2030 renewable target, research by market consultancy Cornwall Insight has revealed.

According to the firm’s Review of deployment of long-duration energy storage in the electricity sector in Ireland report, limited financial incentives, a lack of clear targets, and market design limitations are all hindering the development of LDES technologies.

LDES, for example, is seen as key to balancing the grid’s growing renewable generation, like wind, over multiple days rather than just hours once their share of loads hits a critical mass. As such, the technology is seen as a crucial component of net zero.

The report cautions that without an increase in LDES rollout and deployment speed, Ireland could fall short of its 2030 renewables target, aiming to increase the share of electricity generated from renewable sources up to 80%.

For this 2030 scenario, it is estimated that LDES capacity will need to reach 2.4GW. At present there is only 0.29GW of LDES on the Irish grid, all coming from a pumped storage hydro (PSH) asset operational at Turlough Hill. Another 0.36GW of PSH is planned at Silvermines in Tipperary.

Irish_storage_graph-1536x800.png

This article first appeared on Current±’s sister publication Solar Power Portal.

About the Author

George Heynes

Senior Reporter

George joined Solar Media in August 2022, writing for our UK sites, Solar Power Portal, and EV Infrastructure News' former title,
Current±. After a brief spell as Editor for the UK sites, George relocated to Sydney, Australia, to support our APAC expansion.

You May Also Like