US energy secretary Jennifer Granholm
Battery discharge efficiency key – US study
Long-discharge capability also needed if batteries are to bring down grid power prices
The US Department of Energy (DOE) has launched its second Earthshot initiative, a call to develop long-duration energy storage (LDES) at costs 90pc below today’s levels. The aggressive targets follow the DOE’s hydrogen push in June, which similarly seeks to lower the cost of green hydrogen by 80pc. The LDES effort arrives just as Massachusetts-based Form Energy announced its iron-air battery with a potential duration time of 100 hours, and as China’s battery giant CATL revealed its sodium-ion battery technology was moving towards commercialisation. 90pc – Targeted cost reduction for batteries And the DOE has already ringfenced $1.6bn to pursue and fund breakthroughs in LDES experimen
Also in this section
9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
2 September 2024
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
29 August 2024
Use of captured carbon to make synthetic fuels merits more attention from investors and policymakers
22 August 2024
C-Questra applies for onshore storage permit for site in Grandpuits as part of project to establish highly efficient DACS value chain on French soil
