IDTechEx Discusses Developments in Long Duration Energy Storage Technologies [Yahoo! Finance]
Brenmiller Energy Ltd (BNRG)
Company Research
Source: Yahoo! Finance
does the need to manage the increasing uncertainty and variability in electricity supply. Long duration energy storage (LDES) technologies will be needed in key regions from the 2030s to support electricity grids with greater penetrations of VRE. From IDTechEx's new market report ' Long Duration Energy Storage Market 2024-2044: Technologies, Players, Forecasts ', 1.4 TWh of LDES will be installed globally in 2044. It is expected that while mechanical energy storage systems are to be a key contributor to LDES deployments globally, a greater diversification of LDES technologies will be seen in the 2040s. What LDES technologies are being developed? A variety of LDES technologies are currently being developed and commercialized across key regions. These technologies can be classified as electrochemical, mechanical, thermal, and hydrogen storage. Funding from private, public, and government sectors has seen ~US$4.0B invested into players developing these technologies (excluding hydroge
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