Short-duration battery success drives interest in long-duration energy storage, IEEFA reports
Summary
The IEEFA briefing note reports that the rapid growth of short-duration lithium-ion batteries (2-4 hours) over the past five years has generated interest in longer-duration storage solutions. These longer-duration options could replace expensive and polluting gas peaker plants and provide backup power when weather limits renewable energy production. Several US states have also enacted procurement mandates requiring utilities to install long-duration storage systems.
Source
bskyShort-duration battery success drives interest in long-duration energy storage, IEEFA reportsieefa.orgKey quotes
· 3 pulledThe success of short-duration storage has piqued interest in longer-duration options that can address other issues, such as replacing expensive, polluting gas peaker plants and providing power during periods when weather conditions limit wind and solar production.
The growth of two- to four-hour lithium-ion batteries over the past five years has been nothing short of spectacular.
Several states have enacted procurement mandates requiring utilities to install long-duration storage.
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