LDES have the potential to supply baseload renewable power
Investment in LDES surges with renewables growth
US, Spain and Germany lead deployment of long-duration energy storage amid growing need for flexibility and dispatchable renewable power
Investment in the long-duration energy storage (LDES) sector has hit $2.5bn in 2021 after nearly tripling in the last four years, as the deployment of intermittent renewables creates demand for more flexibility on power systems around the world. More than 5GW of LDES capacity across about 230 projects is operational or has been announced, according to the LDES Council, an industry group the members of which include BP, Germany’s Siemens Energy, services company Baker Hughes and Bill Gates-founded venture capital group Breakthrough Energy. Global capacity has the potential to rise to 1.5-2.5TW by 2040 in an expansion requiring $1-3tn, the LDES Council says in a report produced with consultanc
Also in this section
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
