Long duration energy storage – that is, technologies that can store power from half a day to a week – have the potential to play a major role in the development of a net zero world, but it’s a technology that society has, so far, failed to capitalise on. Why? There are a number of factors involved – however, perhaps the main problem is that governments are failing to provide sufficient policy support.
Two weeks ago, the Biden-Harris administration revealed the details of its plan to “supercharge” the manufacturing of batteries for energy storage and electric vehicles in the US. Here, Energy Storage Report brings you the lowdown on each of the 21 projects that will be funded to the tune of $2.8 billion in an effort to achieve this goal.
We urgently need to find ways to make viable batteries using raw materials other than lithium, cobalt and nickel.
The US state of California is widely recognised as having one of the world’s most vibrant energy storage markets. It’s a part of the world that is brimming with storage evangelists and, consequently, it was no surprise that a report published earlier this year highlighted California as the US state with the most battery storage capacity in development, with a total of 5,773MW.
By how much will storage investment increase this year? Which region of the world offers the biggest opportunity for storage investors? And could the V2X [vehicle-to-everything] sector offer benefits for energy grids? These were among the questions asked, and the issues debated, at the Energy Storage Global Conference – organised by the European Association for Storage of Energy (EASE) – in Brussels this week.
Last week saw Intersect Power confirm the $3.1 billion financial close of one of the US’ largest ever solar-storage portfolios. Who were the individuals responsible for putting together what is not only one of the largest financings of its kind, but also one of the most innovative?
What’s the difference between potentially making millions with energy storage assets and losing millions on them? Making the best use of data. That’s the view of Quentin Draper-Scrimshire, CEO and co-founder of Modo Energy. And the fact Modo has an ever-growing roster of clients indicates that a significant proportion of the market shares his view.
Energy storage innovation is largely unsupported in the UK and woefully underfunded. Consequently, the UK is “lagging behind its peers” in the energy storage innovation race. As a result, the UK government is passing up the opportunity to become a global leader in the field.