Recording of Thursday, June 20, 2024 | The smarter E Europe | Exhibition Program | Language: English | Duration: 13:33 .
The speaker addresses an audience about the critical role of long-duration energy storage in achieving decarbonization and mitigating climate change impacts. Highlighting the urgency, they mention that global temperatures have already exceeded 2 degrees Celsius as of November last year, leading to increased natural disasters worldwide. Long-duration energy storage is presented as essential for maintaining a stable supply of renewable energy sources like solar and wind, which are rapidly expanding but need support to provide consistent power. The talk covers various types of long-duration energy storages such as thermal (using materials like rocks or salts), electrochemical (including different battery technologies beyond lithium-ion), mechanical (such as pumped hydro and compressed air), and chemical solutions (like green hydrogen). The speaker notes significant financial investments in clean technology, highlighting $4 billion specifically directed at long-duration energy storage out of nearly $2 trillion globally invested in renewables. They stress the importance of continuing these investments to ensure reliable service amid growing renewable capacities while emphasizing that more funding is necessary to meet future needs across diverse regions including Europe, China, India, Africa, and beyond.
Automated summarization by AI Conver
Storing energy for longer can safely provide additional flexibility for a power system relying on renewable energy sources, and thus plays an important role in a successful energy transition. Co-hosted by LDES and IBESA, this session will dive headfirst into the topic of long duration energy storage systems - learn about current market dynamics, technologies and more!
Further Talks of this session: