Long Duration Energy Storage Council Grows Exponentially in 2022
16 December, 2022 – BRUSSELS – The Long Duration Energy Storage (LDES) Council (“The Council”), a global executive-led organization focused on replacing the use of fossil fuels to meet energy demand with zero-carbon long duration energy storage, has tripled its membership in 2022. The Council launched in November 2021 with 24 founding members, and rapidly grew to add 41 members to date in 2022. The organization now has a total of 65 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 in Q4 are two technology members and one anchor member, including, Anchor member SLB and Technology members Build to Zero Energy (B2Z) and Electrified Thermal Solutions.
“The LDES Council is proud of our diverse membership, driving rapid change to expand markets promoting LDES technologies and societal benefits across the globe,” said LDES Council Executive Director Julia Souder. “Together with renewable energy sources like wind and solar, long duration energy storage can supply flexible and resilient sources of energy to achieve multi-hour, muti-day, monthly, and seasonal storage needs. Without LDES as part of the clean energy transition, we will not reach our global emissions reduction targets.”
During the UN Climate Change Conference (COP27) in Egypt, the Council led multiple discussions with global leaders on long duration energy storage, and released its latest research report on net-zero heat. The report follows the flagship net-zero power report from 2021. This includes new focus on net-zero heat and the impact of thermal technologies on LDES, and updated benchmarking information for LDES. The report’s most significant findings were that TES can double the global LDES capacity potential and expand the overall installed capacity potential of LDES to 2 to 8 TW by 2040 (versus 1 to 3 TW without TES). This translates to a cumulative investment opportunity of USD 1.7 to 3.6 trillion (versus 1.6 to 2.5 trillion without TES). These findings establish the need for thermal storage to be part of an integrated energy system that includes electrical and molecular storage in order to further accelerate a decarbonized energy system.
In 2022, the Council released three research reports and forged strategic partnerships with organizations such as the European Association for the Storage of Energy, Energy Storage Canada, the Clean Energy Buyers Institute, Clean Energy Council Australia, Greening the Islands, the Global Wind Energy Council, Global Solar Council, International Hydropower Association, Green Hydrogen Organisation, and the International Geothermal Association. Working collaboratively with these organizations and others advances the Council’s work to further the reach of long duration energy storage technologies across the globe.
“We are paving the way for long duration energy storage to be an integral component in the quest to replace fossil fuels,” continued Souder. “Working with global organizations that are also pushing for the success of aggressive net zero targets allows LDES to further penetrate the clean energy market. We are putting a stake in the ground that the Council provides the leading narrative, guidance, and education to leverage LDES in building the energy transition and providing energy security for our clean energy future.”
On the topic of joining the LDES Council, the new members made the following comments:
Gavin Rennick, president of SLB’s New Energy business, said, “Large-scale, long-duration energy storage is key to make variable renewable energy sources like solar or wind a larger component of the world’s electricity systems. As renewables penetration increases, so does the need for long-duration storage capacity to ensure efficiency of renewable assets and reliability of electricity systems. We are excited to join the Long Duration Energy Storage Council to accelerate carbon neutrality, as we continue to develop disruptive technologies that drive innovation and economics for scalable stationary energy storage solutions.”
Miguel Méndez, Co-founder and CEO of Build to Zero Energy, SL, added, “We at Build to Zero are excited to become a technology member of the LDES Council and to cooperate with all associates in promoting netzero heat and thermal storage solutions. We believe in open innovation and collaboration, the LDES industry is ready for commercial deployment of our technologies and we need to accelerate commercial adoption by joining forces and demonstrating the benefits that our solutions can bring to make our industrial customers more competitive as they implement their decarbonization path."
Dan Stack, Co-founder and CEO of Electrified Thermal Solutions, Inc., concluded, “The LDES Council is leading the way on meaningful analysis, conversation, and framing of interplay between decarbonizing the power, heating, and chemical feedstock needs of society. ETS has supported this crucial effort in the first Net Zero Heat report and is excited to join as a full member of the Council. Long duration energy storage is the missing link between our present climate and energy crises and an affordably decarbonized future. Bringing together governments, industrial incumbents, and innovative OEMs to deploy these solutions is how we build this future. That is what we will do.”
For more information about the LDES Council or membership, please visit www.ldescouncil.com.
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About the LDES Council
The LDES Council is a global non-profit with over 60 members in 20 countries. The Council works to accelerate the decarbonization of our world through 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. To learn more: www.ldescouncil.com.
About Our New Members:
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
Build to Zero Energy, SL (B2Z) is decarbonizing the industry with new electric heating and storage technologies. Our team has built and operated more than 17 GWh of thermal storage in CSP plants over the last 15 years. Building on this track record, we have developed our Thermalbox™ net-zero heat product that transforms variable renewable electricity into industrial-grade heat up to 400ºC. Our solution is optimized for the 400ºC temperature limit (representing 53% of the total heat used in the industry) and allows us to offer the most competitive LCOS for such applications. Thermalbox™ is built with life tested molten salt formulations and state of the art electric heating and evaporative equipment fabricated from conventional carbon steel. We replace a conventional gas boiler in an economically viable way without the need for subsidies or any regulatory changes, allowing full decarbonization. More information at https://buildtozero.es/
Electrified Thermal Solutions, Inc. (ETS) is decarbonizing industry with new electric heating and storage technologies. Our flagship product, the Joule Hive™ thermal battery, turns intermittent renewable electricity into constant industrial-grade heat. It is a stack of electrically conductive firebricks in an insulated container, which may be installed on-site as a drop-in replacement to fossil fuels in even the hottest industries. The system charges by running electricity directly through the bricks to joule-heat them, circumventing the operating limits of today’s electric heaters. The same bricks store thermal energy up to 1800+oC with minimal thermal loss for hours or days until needed. Discharging the system simply involves running air or another gas through the brick channels to provide constant, high temperature heat to any furnace, boiler, turbine or kiln. Find out more at https://www.electrifiedthermal.com/.
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Media Contact:
Larissa Fair, Director of Communications, North America
lfair@ldescouncil.com