Perspectives on LDES Susan Taylor

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Recording of Tuesday, June 18, 2024 | The smarter E Europe Conferences 2024 | Conference Program | Language: English | Duration: 4:11 .

Headline: "Susan Taylor of S&P Global Highlights the Critical Need for Long-Duration Energy Storage in Europe’s Future Renewable-Dominated Power Mix"

Susan Taylor, a senior analyst at S&P Global, discusses the growing need for long-duration energy storage in the context of increasing renewable energy capacity. She presents data showing that by 2030, over 60% of Europe's total installed power generation will come from wind and solar—more than double current levels. This increase necessitates greater flexibility to manage the intermittency of these renewable sources. The presentation includes analysis comparing fully PV-dominated systems with wind-dominated ones, highlighting differences in how often supply fails to meet demand and how long these periods last. For PV systems, gaps are mostly intraday (8-16 hours), while wind systems show more scattered and longer duration gaps. To fill these generation gaps currently covered by fossil fuels like gas peakers, there is a pressing need for alternative technologies such as long-duration energy storage to achieve a fully decarbonized system. Key enablers include policy support, market design improvements, and comprehensive system planning to accelerate uptake towards this goal.

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Speakers

Susan Taylor
Senior Analyst
S&P Global

Talk of session: Long-Duration Energy Storage - What's Holding it Back, When Will it Break Through?

Long-duration energy storage (LDES) is undoubtedly a key enabler for achieving net-zero. However, despite a wide range of technology providers claiming cost competitiveness and other advantages over lithium-ion batteries, the latter continue to dominate new deployments in Europe and elsewhere. So what's holding LDES back? What is needed to enable more widespread adoption? And when will the age of LDES finally arrive?In this panel, experts will provide an assessment of the suitability of LDES for today's market, the barriers that exist and the requirements and likely timeline for LDES to finally become mainstream.

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Webinar
The Promising Growth Outlook of Energy Storage in Brazil and Mexico

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Despite the exponential growth of the global energy storage market, Latin America has not yet emerged as a significant player. Currently, the largest energy storage projects in the region are being implemented in Chile.

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