星期一, 11月 29, 2021
Home PV News North America Long-duration energy storage council formed at COP26

Long-duration energy storage council formed at COP26

The council targets global net-zero carbon emissions in the power sector by 2040.

Source:pv magazine

The Long-Duration Energy Storage (LDES) was launched at the COP26 summit. The council said it plans to guide governments and grid operators on how LDES technologies will support decarbonization of the grid as the lowest-cost option to society.

Between 85 and 140 terawatt-hours of LDES deployment will be required to achieve a net-zero grid by 2040, according to the council’s upcoming November 23rd report. The council also estimates a need of 1 TWh of LDES deployment by 2025 to pace for decarbonization by 2040, as well.

The LDES Council comprises 24 tech companies, users, and investors. Long-duration iron flow battery maker ESS Tech, Inc. CEO Eric Dressselhuys entered the council as a founding member.

These deployment projections would entail a $1.5 to $3 trillion investment. The council said renewable energy stored in these technologies could eliminate 1.5 to 2.3 Gigatons of carbon dioxide emissions, or about 10-15% of global power emissions.

ESS is joined by members from Alfa Laval, BP, Breakthrough Energy Ventures, Form Energy, Highview Power, Siemens Energy, and others.

ESS batteries offer 4 to 12 hours of flexible energy storage for utility-scale and commercial applications. The battery chemistry employs earth-abundant materials like iron, salt, and water for the electrolyte.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Utilities and financial investors are investing in renewables, especially hydrogen, like never before

Ernst & Young (EY) released a report detailing transactions in power and utilities (P&U) for Q3 2021, which shows that utilities are putting significant...

South Korea’s largest floating PV plant now online

South Korean floating PV specialist Scotra has completed construction on a 41 MW floating solar array on a water reservoir at the Hapcheon dam,...

Malaysia launches scheme enabling consumers to buy renewable energy

Malaysia's Ministry of Energy and Natural Resources has launched a program to enable domestic and industrial consumers in the country to buy electricity produced...

Round-the-clock tenders can help India meet demand for firm renewable power

A report by the Institute for Energy Economics and Financial Analysis (IEEFA) thinktank, and consultant JMK Research, has highlighted the role mixes of different...