Factor This!

The long-duration energy storage dilemma

April 24, 2023 Renewable Energy World Season 1 Episode 47
The long-duration energy storage dilemma
Factor This!
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Factor This!
The long-duration energy storage dilemma
Apr 24, 2023 Season 1 Episode 47
Renewable Energy World

A decarbonized grid, powered primarily by solar and wind, will require a lot of energy storage. Lithium-ion batteries, while the technology du jour, won't come close to solving the impending problem on their own.

The long-duration energy storage dilemma is multi-pronged: today's market structures don't adequately reward energy storage of longer than four hours, and potential solutions are mired in technical challenges and steep capex costs.

But one company may have cracked the code.

Episode 45 of Factor This! features Robert Piconi, CEO of Energy Vault, a company well on its way to deploying long-duration gravity storage systems at scale.

Energy Vault first made its splash with towering cranes lifting and lowering blocks under the guiding principles that have made pumped hydro the world's most significant energy storage resource.

Now, with a redesigned concept, the company is deploying its systems in partnership with major players like Enel… and even landed a green hydrogen deal with Pacific Gas & Electric, California's largest utility.

Can long-duration energy storage finally break through?

Registration is LIVE for GridTECH Connect Forum - California. Join us in Newport Beach June 24-26 for the interconnection event. We're bringing together utilities, developers, and regulators to take on one of the biggest challenges facing the energy transition. Click here to save 10% on your ticket.  Join partners from PG&E, CAISO,  ENGIE, AES, and more.


Watch every new episode of the Factor This! podcast on the Renewable Energy World YouTube channel, and make sure to subscribe while you're there! 

Show Notes

A decarbonized grid, powered primarily by solar and wind, will require a lot of energy storage. Lithium-ion batteries, while the technology du jour, won't come close to solving the impending problem on their own.

The long-duration energy storage dilemma is multi-pronged: today's market structures don't adequately reward energy storage of longer than four hours, and potential solutions are mired in technical challenges and steep capex costs.

But one company may have cracked the code.

Episode 45 of Factor This! features Robert Piconi, CEO of Energy Vault, a company well on its way to deploying long-duration gravity storage systems at scale.

Energy Vault first made its splash with towering cranes lifting and lowering blocks under the guiding principles that have made pumped hydro the world's most significant energy storage resource.

Now, with a redesigned concept, the company is deploying its systems in partnership with major players like Enel… and even landed a green hydrogen deal with Pacific Gas & Electric, California's largest utility.

Can long-duration energy storage finally break through?

Registration is LIVE for GridTECH Connect Forum - California. Join us in Newport Beach June 24-26 for the interconnection event. We're bringing together utilities, developers, and regulators to take on one of the biggest challenges facing the energy transition. Click here to save 10% on your ticket.  Join partners from PG&E, CAISO,  ENGIE, AES, and more.


Watch every new episode of the Factor This! podcast on the Renewable Energy World YouTube channel, and make sure to subscribe while you're there!