Stephen Singer of UtilityDive reports on a Wood Mackenize study about investments in energy storage.
- Long duration energy storage (LDES) is critical to solving the intermittency issue of renewable energy, providing power when the sun isn’t shining and the wind isn’t blowing.
- According to the report from Wood Mackenzie, pumped storage for hydropower received the majority of new investments and will continue to do so through 2030.
- The United States and China led the world in LDES investments while Europe lingered.
- Private sector leadership and investments are critical to meeting our environmental objectives.
Read the full article here.