Energy Storage News•about 1 month ago
Long-duration energy storage costs declining, European policymakers urged to make ‘strategic choice’
Key Takeaway
Anticipated significant cost declines for LDES by 2030 make it a more attractive solution for developers and large consumers, emphasizing the need for proactive policy support to realize its full potential.
AI Summary
- •Costs for certain Long-Duration Energy Storage (LDES) technologies are projected to decline by approximately 37% on average by 2030, according to an EPRI report for the LDES Council.
- •This significant cost reduction makes LDES a more economically viable option for developers and large power consumers seeking reliable, long-duration energy solutions.
- •European policymakers are being urged to make a 'strategic choice' regarding LDES, highlighting the need for supportive policy frameworks to accelerate adoption and market integration.
Topics
policystorage
Article Content
The costs of certain long-duration energy storage (LDES) technologies are expected to decline by around 37% on average by 2030, according to a new study. The technical report, produced by the US non-profit Electric Power Research Institute (EPRI) for trade association the Long Duration Energy Storage Council (LDES Council), was published yesterday (21 January). Based […]