Government funding and supportive policies are accelerating energy storage deployments and innovation

Source: https://www.pbs.org/newshour/nation/energy-department-invests-325-million-in-new-batteries-that-can-store-surplus-renewable-energy

Helium Summary: Energy storage is gaining importance as more renewable energy comes online to enable grid stability and resilience.

Governments globally are investing in energy storage R&D and deployments to meet decarbonization goals.

Advances continue in battery chemistries like sodium-ion and lithium-air batteries.

Venture capital and private equity investment is increasing in energy storage companies.^[ecns.cn-22]

September 24, 2023

Perspectives

Incumbents/Utilities

See energy storage as necessary to balance intermittent renewables and provide grid services but cautious on unproven new technologies.^{[energy.gov, lvb.com]}

Startups/Innovators

Pushing boundaries with new battery chemistries and modular storage solutions but face scaling challenges.^{[energycentral.com, altenergymag.com, NCBI]}

Governments/Policymakers

Supporting energy storage through investments, incentives and targets to enable growth of renewables and grid modernization.^{[energy.gov, energymagazine.com.au, ecns.cn]}

Investors/Financial Sector

Increasingly attracted to battery storage investments especially linking to electric mobility growth.^{[energy-storage.news, energy-storage.news, Yahoo]}

Relevant Trades

[BLNK] Blink Charging

[CHPT] ChargePoint

[ENPH] Enphase Energy

[EOS] EOS

[SES] SES AI Corporation

[STEM] Stem

Q&A

How quickly are new battery chemistries being commercialized?

Gradual pace, lithium-ion still dominates near-term but new chemistries making progress in labs and pilots.^{[energycentral.com, NCBI, altenergymag.com, NCBI]}

What are the main challenges facing large-scale deployment?

Cost, performance, safety, raw material constraints need to be addressed especially for long duration storage.^{[mdpi.com, imperial.ac.uk,25]}

Narratives + Biases (?)

The news covers developments globally from government, academic, industry and financial press.

Government sources highlight supportive policies while industry players emphasize their progress and need for incentives.

Overall a mix of cautious optimism.^[ecns.cn-22]

Context

The advancement of energy storage is seen as critical to enabling the transition to high renewable energy systems and resilient modern grids. While progress is being made through R&D and pilots, scaling affordable long-duration storage remains a key challenge.

Takeaway

While battery storage technology is advancing through R&D, affordable and scalable solutions are still needed to fully enable the transition to high renewable energy grids.^{[mdpi.com, imperial.ac.uk, NCBI, altenergymag.com]}

Potential Outcomes

Continued strong government funding leads to accelerated innovation and cost reductions in storage.

Raw material constraints and lack of affordable solutions limit wide-scale deployment.

Deepen Your Understanding

What novel use cases could benefit from long-duration energy storage?

How can grid architecture evolve to take advantage of distributed storage resources?

What secondary value streams can improve economics of storage deployments?

Balanced News:

Policy support

September 24, 2023

Perspectives

Incumbents/Utilities

See energy storage as necessary to balance intermittent renewables and provide grid services but cautious on unproven new technologies.^{[energy.gov, lvb.com]}

Startups/Innovators

Pushing boundaries with new battery chemistries and modular storage solutions but face scaling challenges.^{[energycentral.com, altenergymag.com, NCBI]}

Governments/Policymakers

Supporting energy storage through investments, incentives and targets to enable growth of renewables and grid modernization.^{[energy.gov, energymagazine.com.au, ecns.cn]}

Investors/Financial Sector

Increasingly attracted to battery storage investments especially linking to electric mobility growth.^{[energy-storage.news, energy-storage.news, Yahoo]}

Relevant Trades

[BLNK] Blink Charging

[CHPT] ChargePoint

[ENPH] Enphase Energy

[EOS] EOS

[SES] SES AI Corporation

[STEM] Stem

Q&A

Narratives + Biases (?)

The news covers developments globally from government, academic, industry and financial press.

Government sources highlight supportive policies while industry players emphasize their progress and need for incentives.

Overall a mix of cautious optimism.^[ecns.cn-22]

Context

The advancement of energy storage is seen as critical to enabling the transition to high renewable energy systems and resilient modern grids. While progress is being made through R&D and pilots, scaling affordable long-duration storage remains a key challenge.

Takeaway

While battery storage technology is advancing through R&D, affordable and scalable solutions are still needed to fully enable the transition to high renewable energy grids.^{[mdpi.com, imperial.ac.uk, NCBI, altenergymag.com]}

Potential Outcomes

Continued strong government funding leads to accelerated innovation and cost reductions in storage.

Raw material constraints and lack of affordable solutions limit wide-scale deployment.

Deepen Your Understanding

What novel use cases could benefit from long-duration energy storage?

How can grid architecture evolve to take advantage of distributed storage resources?

What secondary value streams can improve economics of storage deployments?

Discussion:

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Policy support

September 24, 2023

Perspectives

Incumbents/Utilities See energy storage as necessary to balance intermittent renewables and provide grid services but cautious on unproven new technologies.[energy.gov, lvb.com]

Startups/Innovators Pushing boundaries with new battery chemistries and modular storage solutions but face scaling challenges.[energycentral.com, altenergymag.com, NCBI]

Governments/Policymakers Supporting energy storage through investments, incentives and targets to enable growth of renewables and grid modernization.[energy.gov, energymagazine.com.au, ecns.cn]

Investors/Financial Sector Increasingly attracted to battery storage investments especially linking to electric mobility growth.[energy-storage.news, energy-storage.news, Yahoo]

Relevant Trades

Q&A

Narratives + Biases (?)

The news covers developments globally from government, academic, industry and financial press.Government sources highlight supportive policies while industry players emphasize their progress and need for incentives.Overall a mix of cautious optimism.[ecns.cn-22]

Context

The advancement of energy storage is seen as critical to enabling the transition to high renewable energy systems and resilient modern grids. While progress is being made through R&D and pilots, scaling affordable long-duration storage remains a key challenge.

Takeaway

While battery storage technology is advancing through R&D, affordable and scalable solutions are still needed to fully enable the transition to high renewable energy grids.[mdpi.com, imperial.ac.uk, NCBI, altenergymag.com]

Potential Outcomes

Continued strong government funding leads to accelerated innovation and cost reductions in storage.Raw material constraints and lack of affordable solutions limit wide-scale deployment.

Deepen Your Understanding

Discussion:

Popular Stories

Public protests arise against government failure following deadly floods in Spain.

Fed's rate cut post-election raises inflation concerns amid economic shifts.

Climate finance negotiations at COP29 face challenges amid Trump's return to power.

Balanced News:

Increase your understanding with more perspectives. No ads. No censorship. Get Started

Market Forecasts

Trading Strategies

Balanced News

About

Chat with Helium

Incumbents/Utilities

See energy storage as necessary to balance intermittent renewables and provide grid services but cautious on unproven new technologies.^{[energy.gov, lvb.com]}

Startups/Innovators

Pushing boundaries with new battery chemistries and modular storage solutions but face scaling challenges.^{[energycentral.com, altenergymag.com, NCBI]}

Governments/Policymakers

Supporting energy storage through investments, incentives and targets to enable growth of renewables and grid modernization.^{[energy.gov, energymagazine.com.au, ecns.cn]}

Investors/Financial Sector

Increasingly attracted to battery storage investments especially linking to electric mobility growth.^{[energy-storage.news, energy-storage.news, Yahoo]}

The news covers developments globally from government, academic, industry and financial press.

Government sources highlight supportive policies while industry players emphasize their progress and need for incentives.

Overall a mix of cautious optimism.^[ecns.cn-22]

While battery storage technology is advancing through R&D, affordable and scalable solutions are still needed to fully enable the transition to high renewable energy grids.^{[mdpi.com, imperial.ac.uk, NCBI, altenergymag.com]}

Continued strong government funding leads to accelerated innovation and cost reductions in storage.

Raw material constraints and lack of affordable solutions limit wide-scale deployment.

Increase your understanding with more perspectives. No ads. No censorship.