Invest today, harvest tomorrow
Policymakers are awakening to the urgent need for long-duration energy storage (LDES) to help the world to create a zero-carbon energy system, writes Kevin Shang, senior research analyst at Wood Mackenzie.
Long-duration energy storage, which Wood Mackenzie defines as around eight to 100 hours or more, holds great promise as a low-cost solution to a number of looming challenges, as renewables take up a greater share of electrical generation capacity. LDES can help balance electricity supply and demand on different time scales and different spatial scales, …
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