Description
As the energy density of batteries continues to increase even as costs keep declining, the stationary energy storage market is booming, with investment growing by over 7x over the last few years β from $5 billion in 2020 to over $35 billion in 2023 β and with battery installations tripling just last year alone.
While an influx of storage is certainly needed to integrate the vast amount of renewables we need to fully decarbonize the grid, the storage we are adding to the grid is not always or even usually reducing overall carbon emissions. In fact, too often new batteries are resulting in positive net new emissions β an outcome almost no one wants.
In this episode, Chad Reed chats with Jacob Mansfield and Emma Konet of Tierra Climate and Adam Reeve of REsurety to learn more about the efforts of the Energy Storage Solutions Consortium (ESSC), which seeks to align the economic incentives of the storage market with truly accelerating grid decarbonization.
With rising investor demand and regulatory pressure in certain jurisdictions, company disclosure of their exposure to climate risks and their environmental impact has emerged as an expectation with tangible economic benefits. Increasingly, companies can improve their access to lower-cost capital...
Published 11/27/24
Critical minerals are absolutely vital for the energy transition. Without nickel, copper, lithium, cobalt and other rare earth elements, we simply cannot produce the solar modules, wind turbines, batteries and other technologies necessary to decarbonize the global economy. Itβs no surprise then...
Published 11/14/24