Projects · Storage
Wilton Centre / Teesside industrial area, Redcar (North-East England)·In developmentStorage
TeesCAES (Compressed Air Energy Storage)
- StageIn Ofgem LDES Window 1 minded-to list (26 Jun 2026); contracts exchanged for purchase of Teesside site
- Next milestoneFinal cap-and-floor contract award, expected later in 2026
- Last checked1 November 2026
What has changed on this project, and when
- Next milestone: Final cap-and-floor contract award, expected later in 20262 November 2026 · previously: Ofgem consultation closes 7 Aug 2026; final cap-and-floor award later in 2026
- Stage: In Ofgem LDES Window 1 minded-to list (26 Jun 2026); contracts exchanged for purchase of Teesside site2 November 2026 · previously: LDES cap-and-floor Window 1 minded-to; land secured
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