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McKinsey & Company

Weekend Read: Light weight

When it comes to gravity batteries, pumped-hydro storage is the gold standard, but its cost and topography-specific limitations are driving innovations ranging from freight-train braking to super-dense liquids. We consider whether any of the new technologies can punch above their weight.

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Study shows payback times for heat pumps could plunge by 2030

McKinsey & Company says in a new report that payback periods for heat pumps could fall by up to 38% by 2030.

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Weekend Read: A long time coming

Long-duration energy storage (LDES) is essential for decarbonizing the grid but gigawatt-hour scale systems continue to be tricky for companies with big ideas. Here are some of the latest innovations across a flourishing array of new – and old – ideas.

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Weekend Read: Dawn of the store-age

Last year was another landmark 12 months for energy storage, with all indicators pointing to a massive surge in demand. Supply chain instability and inflation saw battery prices rise but the industry demonstrated an ability to swiftly react to geopolitical developments. We look at five trends driving the market.

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Global hydrogen project pipeline expected to exceed $300 billion by 2030

A new report from the Hydrogen Council has estimated that the current hydrogen project pipeline, if realized, would exceed investments of $300 billion by 2030. The report comes amid an acceleration in hydrogen project announcements worldwide and great expectation of hydrogen’s potential in the energy transition.

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Renewables cheaper than fossil fuel plants by 2030

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.

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McKinsey: EU slated for 44 GW annual PV additions in cost-neutral path to net-zero

Business analysts at McKinsey & Company have worked the numbers and found that investments into new infrastructure and technologies necessary to achieve the net-zero target will likely be offset by savings in other sectors. Europe’s PV sector could grow to about three times its current size over the next decade.

Affordable hydrogen-fueled flight possible in 2035

Hydrogen-fueled aviation has a realistic chance of helping the sector achieve climate goals, according to a European Union-commissioned study.

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