A massive £100 million funding will propel what is touted as Britain’s largest pumped hydro project in almost 40 years.
SSE has unveiled plans to inject £100 million into the Coire Glas project.
The scheme, which has planning consent from the Scottish Government, is predicted to more than double the UK’s total electricity storage capacity and provide backup to an increasingly renewables-led grid, bolstering energy security.
The project requires a capital investment of over £1.5 billion to construct and is expected to deliver 30GWh of long-duration storage, enough to power three million homes.
SSE aims to make a final investment decision on Coire Glas in 2024 and fully construct and commission the scheme by 2031.
The project could also generate up to 500 full-time construction roles at peak delivery.
Net Zero and Energy Secretary Michael Matheson said: “The Scottish Government has long been supportive of pumped hydro storage capacity, which we believe will play a key role in the energy transition and is a vital component of a more flexible, resilient and secure electricity supply.”
SSE plc Finance Director Gregor Alexander said: “Coire Glas will be one of the most ambitious energy infrastructure projects the UK has ever seen and is a key component of SSE’s commitment to helping lead Scotland and the UKs’ energy transition.”
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