From the Executive Summary of the 16-page white paper:
This paper aims to capture and foster current thinking on new and emerging use cases for electrical energy storage, and in particular the growing need to combine energy and power applications into a single flexible and valuable long-duration storage asset. This market evolution is significant because it increasingly requires storage asset developers and owners to look to new battery technologies beyond the lithium-ion battery chemistries serving the short-duration applications deployed so far.
Key findings from the report include:
- Cost remains a primary concern but smart storage purchasers are beginning to look beyond capital expense to more effective measures of lifetime cost and flexibility.
- What makes long-duration storage (LDS) attractive is its availability to capture a wider range of use cases and potential revenue streams.
- Decision makers are aware of a growing need for LDS and want to know more about its potential. The findings in this paper are based on a combination of online questionnaires and in-depth discussions. This paper makes the case that all-iron flow batteries can meet the requirements that developers have for a long-duration storage asset that is safe, low-cost, and flexible today and into the future.
- Smart storage purchasers are beginning to look beyond capital expense to more effective measures of lifetime cost and flexibility.
- Long-duration storage capability should seamlessly integrate energy and power applications.
- Long-duration storage’s ability to provide substantial flexibility in dealing with ever-changing regulatory and legislative landscapes, not to mention commercial volatility.
Register and read the full 12 page report at: https://goo.gl/4ut2jh
Filed Under: Energy storage