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| 1 minute read

COP28 - More Long Duration Energy Storage please!

I echo the calls by the LDES Council this week, ahead of the upcoming COP 28 conference in Dubai. We need firm commitments to support Long Duration Energy Storage technologies in our energy mix!

If we're to achieve our climate change goals, energy storage is fundamental and we can't rely on dominant lithium-battery technology alone. I've already discussed some of the promising technology advances around batteries (see here) but there's also a huge role to play for LDES alternatives, when it comes to supporting significant renewables adoption (climate extremes are also expediting this as covered here).

Clean energy supply has never been cheaper and if we can nail the commercialisation of these storage technologies, then this supply can be stored and discharged exactly when needed - removing the need for fossil-fuel derived power to “prop up” the grid and eliminating those high curtailment costs. It also opens up further revenue opportunities for storage asset owners!

There are some wonderful start-ups and scale-ups innovating great technologies for this transition and it's crucially important that governmental legislation and investment is provided to help these technologies reach reality.

Hopefully we see some tangible commitments to LDES at at COP28!

Here at Hyperion we work at the forefront of  new energy storage, helping to find leaders for start-ups and scale-up clients in sodium LDES, flow batteries, and thermal-mechanical storage. If you're scaling your LDES business, then get in touch via and subscribe to more insights here 

(Credit to the LDES Council / McKinsey & Co for the graphic)

As part of the Global Renewables Alliance, we are calling for a buildout of 3 times the installed capacity of renewables and 2 times the growth of energy efficiency from today's levels by 2030. Long-duration energy storage (LDES) is the only way to hit the mark. In fact, LDES spending will need to reach $3.6 trillion and installed capacity will need to reach up to 8 terawatts by 2040 to hit climate goals. This LDES buildout saves hundreds of billions compared to alternative resource mixes and ensures worldwide 24/7 reliable clean power. LDES includes thermal, electrochemical, mechanical and chemical solutions.