ANAHEIM, California:
Professionals in the renewable energy sector have asserted that recent developments in state policies and utility targets for energy storage are creating the market conditions for innovative long-duration energy storage applications, but hurdles are still present.
Long-duration energy storage refers to any system that is able to discharge energy for eight or more hours.
Form Energy’s senior business development manager, Molly Bales, reasoned that in the context of the United States’ Inflation Reduction Act (IRA), which will offer a 10-year tax incentive to investors in solar manufacturing, there will be a massive increase in renewables.
“That largely increases the need for storage and, in addition to that, we are experiencing these extreme weather events that are also leading to additional need for long duration energy storage,” Bales…
New thrust to pursue long-duration energy storage projects | Lead Stories
