Long-Duration Energy Storage
Long-duration energy storage (LDES) is currently gaining attention from policymakers, energy providers , and investors alike thanks to their promising use cases for future energy system resilience, with 120 GW of capacity forecast by 2030.
Despite this progress, the ever-growing penetration of renewables and flexibility needs in energy supply mixes calls for even more investments in flexible, medium and long-term, large-scale storage technologies.
Here we examine the current state of the LDES market, the challenges it faces, and the opportunities it offers.
This paper examines five key questions associated with the development of LDES tech: What is LDES and what solutions can it bring to the energy system?
• How do LDES technologies work?
• What is the business case today and 10 years from now?
• What are the market drivers and barriers?
• What actions need to be taken now to accelerate uptake?
