Industry should make “concrete proposals” for electricity market reforms, or risk policy and regulation continuing to fall short in valuing the role of energy storage.
Justin Rangooni, executive director of Energy Storage Canada, explains why hitting the country’s 2050 net zero target will be impossible without at least 8GW of energy storage by 2035.
Long duration energy storage technologies like flow batteries, compressed air or gravity-based solutions look set to enter the market at scale in the second half of the 2030s, according to the DNV Energy Transition Outlook.