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