With increased interest in longer duration storage options, how do policy and regulations need to change to allow more stability for developers and investors, globally?
Key conference highlights included:
- Overall, there was positive buzz regarding long duration energy storage solutions and the need for the energy transition. While there is no doubt about achieving net zero, questions remain regarding how this will be achieved at scale and at spend and this is where new technology comes in.
- Enlighten’s Todd Mooney, CFO, participated in a panel entitled “The Future of Long Duration”, alongside technology peers and moderated by Georgina Morris, Innovation Programme Manager at the UK’s Department of Business, Energy and Industrial Strategy. It was promising to see a lot of momentum and engagement around the need for long duration energy storage solutions and to see a range of technological solutions. Of note, as highlighted by Georgina Morris, was the need for a well-thought-out approach from government agencies, including dismantling the cap on capital funding for technological solutions.
- Fellow council members from the Long Duration Energy Storage Council were in attendance. Part of the Council’s mandate is to encourage the adoption of energy storage technologies, and it was great to see this in action.
- The need for long duration energy storage is unanimous and the industry has moved beyond the ideation and discussion phase and is now solidly set in the execution phase. Enlighten is clearly in the right place at the right time. Learn more: https://enlighteninc.com/energy-storage/