California’s inclusion of US$380 million financial support for long-duration energy storage projects could “activate” up to 20 projects in the US state, which has a “tremendous need” for energy storage.
We hear from two US companies which are stakeholders in both the present and future of energy storage, in this fourth and final instalment of our interview series looking back at 2021 and ahead to this year and beyond.
The business case for a range of long-duration storage technologies needs to be addressed to help the US reach its decarbonisation targets, according to the Department of Energy’s director of energy storage research Dr Imre Gyuk.
Energy market mechanisms must evolve in order to support long-duration energy storage, with the existing frameworks having “significant problems” incentivising those technologies, a panel of experts has concluded.
The US government’s Department of Energy (DoE) has described its just-published Energy Storage Grand Challenge Roadmap as its first comprehensive strategy on energy storage, identifying cost and performance targets to be met in the coming years.
Long duration energy storage is an “essential” technology to help accelerate renewable deployment, according to the US Department of Energy’s Dr Imre Gyuk, but will require “appropriate regulatory frameworks”.
Despite a subdued year in 2019 and a challenging start to 2020 caused by the COVID-19 outbreak, the outlook for energy storage remains strong, says Julian Jansen of market research group IHS Markit, taking a deep dive across segments and geographies.
While lithium-ion batteries get most of the headlines, long-duration solutions of various types are gaining ground. Alice Grundy and Andy Colthorpe profile some of the established and emerging concepts in this increasingly important field.
