The Energy Research and Development Division of the California Energy Commission (CEC) has issued a report highlighting the importance of energy storage facilities with a discharge duration of eight hours or more in order for the Golden State to reach its target of a zero-carbon electricity grid by 2045.
US$5 million will be made available for long-duration energy storage (LDES) projects via a competitive solicitation run by the New York State Energy Research and Development Authority (NYSERDA).
Liquid air energy storage firm Highview Power has raised £300 million (US$384 million) from the UK Infrastructure Bank and utility Centrica to immediately start building its first large-scale project.
While short-duration BESS has flourished in Ireland, a ‘policy vacuum’ threatens the long-duration energy storage (LDES) rollout required for its renewables goals, research firm Cornwall Insights said.
Business model innovation and considering how to integrate projects into the wider energy systems will be key for long-duration energy storage (LDES) companies, partners at VC firm RA Capital told Energy-Storage.news.
RayGen, a startup developing long-duration energy storage (LDES) technology designed for pairing with renewable energy installations, has raised investment to kick off a Series D funding round.
The number of long-duration energy storage (LDES) technologies that will commercialise for applications beyond 24 hours ‘can be counted on one hand’, the CEO of compressed air energy storage (CAES) developer Corre Energy said in an interview.
This Friday briefing looks at the trend of long-duration energy storage (LDES) technology companies eyeing project development, the role Europe’s gigafactory projects play in the continent’s energy storage system (ESS) market, and the inherent challenges that come with vertical integration.
