LDES Council accelerates international expansion as membership grows
2 MAY 2023 – BRUSSELS – The Long Duration Energy Storage Council (“LDES Council”), has today announced that eight new members have joined the non-profit organization, to support its mission in accelerating global decarbonization through the growth of long duration energy storage (LDES).
The LDES Council launched in November 2021 and has tripled in size since its launch, with over 60 diverse companies in regions across the world representing the full energy value chain – including technology innovators, equipment providers, renewable energy companies, utilities, investors, and end-users.
Joining the LDES Council most recently are five technology members and three anchor members. Anchor members include: Diamond Generating Corporation, Occidental, and Sociedad Química y Minera de Chile (SQM). Technology members include: Antora Energy, Build to Zero, Largo Clean Energy, Noon Energy, and Rondo Energy.
Their pioneering technologies include thermal energy storage technologies, chemicals, and clean energy solutions that support the energy transition and innovative long duration energy storage products and services.
LDES Council chief executive officer Julia Souder, said: “Renewable energy is growing exponentially around the world, but this must be matched by the growth of LDES to support wind and solar at times of low generation or high demand. These new members demonstrate the breadth of LDES solutions that will play a vital role in decarbonising key developing markets across Latin America, Asia Pacific, and MENA regions.”
The LDES Council continues to lead the world in accelerating the deployment of long duration energy storage.
About the LDES Council
The LDES Council is a global non-profit organization with over 60 members in 20 countries. The Council works to accelerate the decarbonization of our world through the acceleration of long-duration energy storage. It provides member-driven, fact-based guidance and research to governments, grid operators and major electricity users on the deployment of long-duration energy storage for society's benefit.
An executive-led organization, the LDES Council spans a wide range of energy storage technologies and includes among its members technology innovators, energy users and investors. The Council publishes findings and reports to encourage the wide adoption of long duration energy storage to replace the use of fossil fuels and accelerate carbon neutrality. Learn more at www.ldescouncil.com.
About our New Members
Antora Energy turns intermittent renewable electricity into a low-cost, reliable, on-demand source of zero-carbon heat and power to enable deep decarbonization of industry and the electric grid. Antora’s thermal batteries can discharge zero-carbon electricity and/or heat at temperatures up to 1500°C or higher, hot enough to power nearly any industrial process. Antora’s technology will eliminate gigatons of emissions while increasing U.S. energy security, reducing our nation's dependence on global supply chains, and supporting well-paying American jobs. The company is backed by leading investors, including Breakthrough Energy Ventures, Lowercarbon Capital, Shell Ventures, BHP Ventures, Trust Ventures, Fifty Years, Grok Ventures, Impact Science Ventures, and Overture VC. Visit www.antoraenergy.com and follow the company on LinkedIn and Twitter.
Build to Zero
BUILD TO ZERO is a technology company with the mission to achieve a net zero industry by developing innovative and financially viable Power-to-Heat+Storage solutions to decarbonize its thermal processes. Building on a highly experienced team that has designed, built and operated more than 17 GWh of thermal energy storage in CSP plants over the past 15 years, BUILD TO ZERO has developed its Thermalbox™ net-zero heat product that transforms variable renewable electricity into industrial-grade heat up to 400ºC in a 24/7 basis. This product allows the industry to achieve a complete decarbonization solution for its processes without the need for subsidies or regulatory changes. Visit https://buildtozero.es/ for more.
Diamond Generating Corporation
DGC Group is a worldwide leader in safe, clean electricity generation and energy services. DGC was founded in October 1999 as a wholly owned subsidiary of Mitsubishi Corporation. The combined offerings of DGC Group companies provide a full range of electric generation and related services to generation asset owners, managers & operators, utilities, investors, developers, community choice aggregators, municipal and co-operative utilities. Visit us at www.dgc-us.com.
Mitsubishi Corporation (MC) engages in a wide range of businesses spanning multiple industries and overseen by its Industry DX Group, Next-Generation Energy Business Group and 10 Business Groups: Natural Gas, Industrial Materials, Chemicals Solution, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution, and Urban Development. Visit us at www.mitsubishicorp.com/jp/en/.
Largo has a long and successful history as one of the world’s preferred vanadium companies through the supply of its VPURETM and VPURE+TM products, which are sourced from one of the world's highest-grade vanadium deposits at the Company's Maracás Menchen Mine in Brazil. Aiming to enhance value creation at Largo, the Company will be implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations in addition to advancing its U.S.-based clean energy division with its VCHARGE vanadium batteries. Largo’s VCHARGE vanadium batteries contain a variety of innovations, enabling an efficient, safe and ESG-aligned long duration solution that is fully recyclable at the end of its 25+ year lifespan. Producing some of the world’s highest quality vanadium, Largo’s strategic business plan is based on two pillars: 1.) leading vanadium supplier with an outlined growth plan and 2.) U.S.-based energy storage business support a low carbon future. Largo’s common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol "LGO". For more information, please visit www.largoinc.com.
Noon Energy aims to unlock a fully-renewable future with energy storage inspired by nature. Noon has developed a breakthrough ultra-low-cost battery technology that provides high energy density long-duration storage with the unique fundamental properties needed to make intermittent solar and wind power available 24/7 year-round at a lower cost than conventional fossil fuel generation. Noon is supported by leading investors including Clean Energy Ventures, Aramco Ventures, At One Ventures, Emerson Collective, Mistletoe, Prime Impact Fund, and Collaborative Fund. Follow us at www.noon.energy and on LinkedIn.
Oxy Low Carbon Ventures (OLCV)
Oxy Low Carbon Ventures, LLC (OLCV) is a subsidiary of Occidental (Oxy), an international energy company with assets primarily in the United States, the Middle East and North Africa. OLCV is focused on advancing cutting-edge, low-carbon technologies and business solutions that enhance Oxy’s business while reducing emissions. OLCV also invests in the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally. Visit Carbon Innovation on oxy.com for more information.
Rondo Energy, the leading provider of zero-carbon industrial heat, makes industrial decarbonization possible—and profitable—today. The Rondo Heat Battery captures and stores low-cost renewable electricity to deliver continuous high-temperature heat, enabling customers to power their operations with zero-carbon energy. Learn more at rondo.com/products.
SQM is a global company that is listed on the New York Stock Exchange and the Santiago Stock Exchange (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A). SQM develops and produces diverse products for several industries essential for human progress, such as health, nutrition, renewable energy and technology through innovation and technological development. We aim to maintain our leading world position in the lithium, potassium nitrate, iodine and thermo-solar salts markets.
Larissa Fair, Chief of Staff & VP Communications