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New Energy Storage Solutions Test Lithium-Ion’s Reign
Jul 31, 2024
Yiyi Zhou, a clean power specialist at BNEF, and Evelina Stoikou, a senior associate on BNEF's energy storage team, dive into the future of energy storage technologies. They examine the competitive landscape for long-duration storage solutions that could rival lithium-ion batteries. The discussion includes insights from their Long-Duration Energy Storage Cost Survey, highlighting innovations like sodium-sulfur and molten salt batteries. They also explore how government policies are shaping the adoption of these technologies globally, particularly in China.
30:59
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Quick takeaways
- Long-duration energy storage technologies are emerging as cost-effective alternatives to lithium-ion batteries, particularly for applications requiring extended discharge periods.
- China is at the forefront of long-duration energy storage adoption, driven by government support and ambitious goals for net-zero energy transitions.
Deep dives
Understanding Long-Duration Energy Storage
Long-duration energy storage (LDS) refers to technologies that can offer energy storage solutions for hours to days, distinct from traditional battery systems. There is no universal definition of what constitutes 'long duration,' with various organizations defining it differently; for instance, the US Department of Energy considers it to be storage lasting at least 10 hours. This eclecticism means that businesses developing LDS technologies may not classify themselves under the same umbrella, as they could be producing alternatives like advanced batteries with varying applications. Consequently, there are diverse use cases and business models in the energy storage sector, pushing the technology towards tailored solutions for specific energy needs.
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Discover
highlights
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