[londons_explore]

> SSE’s £100m commitment to further developing Coire Glas comes as the leading low carbon energy infrastructure company awaits the UK Government’s decision on how it intends to financially support the deployment of long-duration electricity storage, as set out in last year’s British Energy Security Strategy.

> This could include the introduction by the UK Government of a ‘revenue stabilisation mechanism’ in the form of an adapted Cap and Floor scheme to support investment in long-duration storage. This would also be alongside broader consideration of how the electricity market, including the Capacity Mechanism and the Flexibility Markets, value the contribution of low carbon flexible assets such as pumped storage.

AKA... They're waiting for a government handout before they begin build. While they can 'buy low, sell high' and make a lot of money, they also want a government guarantee that they will make that much money. Payouts from that guarantee will effectively become an electricity tax.