Policy support 

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





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.





Discussion:



Similar Stories





Sort By:                     









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






×

Chat with Helium


 Ask any question about this page!