Long-term energy storage and battery technologies are both essential components of a renewable energy transition, and never before has that been so clear. Recent developments in this sector are bringing new light to this emerging technology. We’re looking at a few of the most interesting energy storage technology developments.
US Department of Energy Commits $30 Million to Long-Term Energy Storage Solutions
In May 2018, the US DOE made a $30 million funding commitment to long-term battery solutions through its Advanced Research Projects Agency-Energy (ARPA-E) office. In its funding, it chose to define “long-term” as starting at 10 hours and extending up to 100 hours of stored energy to help secure storage for the grid.
While much of the conversation about battery storage – that which powers our phones and our electric cars – is focused on lithium-ion batteries, three important words are expected to help in the transition to clean energy: Vanadium Flow Battery.
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