Dive Brief:
Long-duration energy storage projects, or LDES, have attracted more than $58 billion globally in private and public commitments since 2019, according to an analysis by Wood Mackenzie.
If all commitments for projects advanced, 57 GW of LDSE would be installed, according to the research and consultancy group, or about three times the global energy storage capacity deployed this year.
“However, most long-duration energy storage technologies are still nascent and technology developers will struggle to scale cost-effectively before 2030,” the analysis said.
Dive Insight:
Wood Mackenzie’s “Long-duration energy storage report 2022” analyzes the worldwide LDES industry, including Asia Pacific, Europe and North America.
“To accelerate the energy transition, more renewable energy sources will be used for…