Long Duration Energy Storage Council (LDES Council)’s Post

#CEBIP eNews Update! 🌟 Long-duration energy storage (LDES) technologies are greatly needed for the the journey of achieving a clean energy future to a clean-energy future faces issues such as energy supply gaps and power outages. That's why we're excited about the advancements happening in LDES technology! 🚀 Wind and solar power are great, but they're not always able to generate energy. LDES fixes this issue by storing energy and releasing it when we need it most. 💡The Biden Administration recently announced a $325 million investment in nationwide energy-storage projects, with $15 million earmarked for pioneering companies. New York State's first iron-air battery system, capable of multi-day energy storage, is also underway. The New York State Research and Development Authority is also dishing out $8.15 million to support innovative storage technologies in New York! Read the eNews here: https://lnkd.in/ehn_P4bA 💪 #LDEStechnology #cleanenergy #solarenergy #windenergy

Today MAREC Action Executive Director Evan Vaughan is offering public testimony on HB 2277, which would codify Governor Shapiro’s Pennsylvania Reliable Energy Sustainability Standard (PRESS).    MAREC Action views HB2277 as a strong piece of legislation - it represents the single largest new market opportunity for energy investment currently under consideration by any state legislature in PJM. Through HB2277, Pennsylvania has an opportunity to diversify its electricity mix with clean and reliable energy storage projects paired with wind or solar.    MAREC Action is strongly supportive of the inclusion of energy storage in Tier 2 under HB2277. One note of concern about the legislation, however, is the strict limitations placed on regional market participants. The legislation as introduced prohibits any regionally sited clean energy projects larger than 150 MW from being able to participate in the Pennsylvania clean energy market. Leveraging the regional market for a portion of Pennsylvania’s electricity supply results in greater competition and the best outcomes for consumers. MAREC Action looks forward to continuing its work with the Pennsylvania General Assembly as the legislation moves forward.   For more information check out the link below: https://lnkd.in/e5_xNBuu

Nations pursuing an energy transition are expediting their efforts to study and invest in long duration BESS(Battery Energy Storage Systems) as a flexibility resource to tap into its potential to promote grid stabilization and respond to the issue of renewable energy curtailment. ⚡ Wood Mackenzie, in its ‘Long-duration energy storage report 2022’, revealed that LDES (Long Duration Energy Storage) projects representing USD 30 billion are now either under construction or in operation, and that such projects attracted more than USD 58 billion in global commitments since 2019. 🤗 In fact, New York set a target to install 3,000MW-capacity BESS in the state by 2030 in line with the Climate Leadership and Community Protection Act which passed into law in 2019. To attain this goal, New York announced an initiative to raise USD 6 billion in funding over the next ten years for long-duration BESS demonstration project undertakings. The pursuit of long-duration BESS systems and investments is gaining meaningful traction here in Korea as well. 😃 Korea’s 10th Electric Power Supply Basic Plan specified the introduction of a 22.6GW long-duration BESS by 2036 as a means to mitigate renewable energy curtailment and stabilize the power grid system. Jeju Island was chosen as the first to open the BESS contract market, as it houses a large amount of renewable energy. The opening of the BESS contract market in Jeju marks the first step towards revitalizing long-duration BESS! Along with substantial efforts being made to facilitate long-duration BESS in Korea, we wish to do our part in driving the nation’s energy transition and diversification.  As an BESS O&M service provider, we will also ensure we keep current with the shifting energy market and institutions. 🫡 Clean Energy for Everyone Everywhere at Every Moment. 🌱 #Gridwiz #그리드위즈 #HealtheEarth #CleanEnergy #CleanTech #EnergyTech #DR #BESS #EMoblity

Regulators in the state have launched a Request for Information (RFI) for a draft incentive plan aimed at boosting energy storage deployment. As a global marketing manager in the energy industry, this development aligns with our focus on Li-Ion batteries, energy storage systems, and industrial gases. Let's take a closer look at what's happening: New Jersey, a pioneer in energy storage targets since 2018, is working towards a goal of 2,000MW of storage by 2030, as part of its commitment to decarbonization and achieving 100% clean energy by 2050. However, progress has been slower than anticipated, with only 497MW of storage as of last year. The state is now seeking input on the proposed New Jersey Energy Storage Incentive Program (NJ SIP), which aims to accelerate energy storage adoption. The NJ SIP program includes provisions for both front-of-the-meter (Grid Supply) and behind-the-meter (Distributed/Customer Level) storage, with eligibility limited to facilities connected to New Jersey electric distribution companies' networks. Incentives include a 30% fixed annual payment component and pay-for-performance, allowing private investors to own and operate energy storage resources. This initiative opens up opportunities for collaboration between explosion protection suppliers and energy storage developers, as safety is a critical consideration in the deployment of large-scale battery systems. As we engage in discussions about city governments and grid-scale energy storage, let's consider the following questions: 1. With the shift towards cleaner energy sources, how can energy storage incentives like NJ SIP contribute to the growth of Li-Ion batteries and other technologies in the energy industry? 2. How can city governments actively promote the integration of explosion protection measures in energy storage projects, aligning with NFPA 855 and 68 standards? 3. What specific challenges and solutions do OEMs face when it comes to explosion protection in energy storage systems, and how can suppliers address these needs effectively? #osecoelfab #explosionprotection #NFPA855 #NFPA68 #deflagrationventing

📢 The voluntary clean energy movement continues to be hot! With the additions of commitments made in 2023, the 10-year total of clean energy transactions in the US is more than 77GW...more than the total wind and solar capacity of Texas and California combined. Customers are driving, leading, and innovating to accelerate the clean energy transition! Learn more in this Clean Energy Buyers Association (CEBA) post today from Josh Kaplan and Shreeya Gautam

New York puts US$5 million to long-duration energy storage projects 💵 🔋 US$5 million will be made available for long-duration energy storage projects (LDES) by the New York State Energy Research and Development Authority. The money will support the development and demonstration of scalable LDES solutions to help the state meet its clean energy and energy storage deployment goals, including a 6GW by 2030 energy storage target. These steps will tackle challenges such as grid congestion, hosting capacity constraints, and lithium-ion siting limitations in New York. 🗽🇱🇷 The Battery Storage products are really taking off in the United States and with these projects being delivered, it is an excellent step towards easing grid congestion! #energystorage #renewableenergy #unitedstates

The New York Public Service Commission has approved an ambitious energy storage road map aiming for 6 GW of storage by 2030. This target, which represents at least 20% of New York’s peak electricity load, underscores the state’s commitment to a cleaner, more sustainable energy future. Highlights of the New Road Map: • 3 GW of new utility-scale storage • 1.5 GW of new retail storage • 200 MW of new residential storage • $200 million awarded to support operational energy storage assets • 35% of program costs dedicated to benefiting disadvantaged communities and reducing emissions This initiative will significantly contribute to New York’s goal of generating 70% of its electricity from renewable sources by 2030, potentially saving nearly $2 billion in future statewide electric system costs. At MegaBlock Energy LLC, we’re inspired by these advancements and committed to supporting the deployment of innovative energy storage solutions that drive the transition to renewable energy. We’re proud to be part of an industry that not only aims for sustainability but also prioritizes equity and community benefits. Read more about this groundbreaking development in the full article by Brian Martucci on Utility Dive: https://lnkd.in/gXdEJzfW #EnergyStorage #RenewableEnergy #Sustainability #MegaBlockEnergy #CleanEnergy #NewYork

As industry leaders gathered at a recent conference in Houston, a resounding message emerged: → the U.S. government must take decisive action to streamline permitting for renewable energy projects. From the development of power transmission infrastructure to grid connectivity, the current regulatory landscape is hindering the growth of clean energy at a time when we need it most. According to the American Clean Power Association, it can take up to four years for a new electricity generator to navigate the labyrinth of interconnection rules and connect to the grid. That's 4 years of lost potential, four years of delayed progress towards a cleaner, more sustainable future. But the impact goes beyond inconvenience. As NRG Energy interim CEO Larry Coben pointed out, states with fewer regulatory hurdles are poised to become the big winners in attracting renewable investment and growth. The AES Corporation CEO Andrés Gluski echoed this sentiment, emphasizing that streamlined permitting is key to unlocking the full potential of clean energy. The urgency of this issue cannot be overstated. With renewable energy deployment projected to grow by up to 17% this year, representing a quarter of electricity generation, we cannot afford to let bureaucratic red tape stand in the way of progress. *** How can your organization contribute to breaking down the barriers to clean energy growth? Read more about it here: https://lnkd.in/gHhY2i3F

The Union Cabinet, chaired by the Hon'ble Prime Minister has approved the Scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS). The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40% of the capital cost as budgetary support in the form of Viability Gap Funding (VGF). By offering VGF support, the scheme targets achieving a Levelized Cost of Storage (LCoS) ranging from Rs. 5.50-6.60 per kilowatt-hour (kWh), making stored renewable energy a viable option for managing peak power demand across the country. #vgf #BESS #electricitycost

Big news for clean energy in the U.S.! Today’s headlines showcase exciting developments across the country, with states taking action to support innovation, efficiency, and solar power growth: New York makes $5M available for long-duration energy storage projects: This investment aims to accelerate the development and demonstration of scalable storage solutions, creating opportunities for companies to tap into a growing market driven by ambitious state climate goals. 👉 https://lnkd.in/gga-ntXM Ohio doles out additional $5.4M in energy efficiency grants: Businesses across the state can now access funding to upgrade their facilities, reduce costs, and contribute to a cleaner Ohio. This initiative helps businesses save money while benefiting the environment. 👉 https://lnkd.in/g8S3k2Sy More states in the U.S. now require smart inverters, enabling more distributed solar: Pennsylvania and Minnesota join the growing list of states mandating smart inverters for solar installations. This trend improves grid integration and opens doors for more solar projects. 👉 https://lnkd.in/dFGyRzFu Clean energy is growing nonstop in the U.S., and the opportunities for investors are becoming increasingly clear. Are you ready to explore how your business can take advantage of these opportunities and contribute to a cleaner and more sustainable future? #RenewableEnergyInvestments #SolarPower #SolarInvestment #SustainabilityNews