Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Filter by Categories
Asset Allocation
Data update
Development News
Equity markets
Exploration News
Features
Finance/M&A
News & Views
Sponsored
The Drill Bit
Trade & Demand
Uncategorised

News

Long duration storage costs need to fall substantially

Posted on - 13 Jul 2021

Category - News & Views

A fascinating study on long duration energy storage (LDES) by a team from MIT, published in the journal Nature Energy, suggests that if costs of long duration energy storage fall to c.US$20/kWh then that would result in a 10% fall in grid power costs. The paper cites recent studies which suggest that usage of lithium-ion batteries is not viable (cost effective) for ESS once the share of renewables in the power grid exceeds a certain level. However, use of LDES would be economically viable if the renewable share of power generation exceeds the 80% level. Current costs of LDES mitigate...

Login to read full article


Topics

ESS LDES Lithium-ion battery Long Duration Renewables VRFB