One of the world’s most widely deployed non-lithium electrochemical energy storage technologies has received an upgrade, with the launch of NGK and BASF Stationary Energy Storage’s the NAS MODEL L24.
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.
Some long-duration energy storage (LDES) technologies are already cost-competitive with lithium-ion (Li-ion) but will struggle to match the incumbent’s cost reduction potential.
RWE will proceed with an 8-hour duration large-scale battery storage project in New South Wales (NSW), while a tender for more long-duration resources has launched in the state.
The former prime minister of Australia, Malcolm Turnbull, delivered a keynote speech to open the second day of the Energy Storage Summit Australia 2024.