Answering the call for long-duration energy storage cleantechnica electricity cost calculator

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A “may day”’ call this year came from the U.S. Department of Energy. The DOE made a $30 million funding commitment to long-term energy solutions through its Advanced Research Projects Agency-Energy (ARPA-E) office. “Long-term,” as defined in the project scope, starts at 10 hours and extends up to 100 hours of stored energy.

Funding from the new program called DAYS (Duration Addition to electricitY Storage) is open to any technology able to meet siting, output, and cycle requirements. And the solution must deliver an average cost of 5¢/kWh cycle across the range of storage durations. Why Fund Energy Storage

¤ And a recent survey of North American utility companies from Utility Dive shows sector leaders remain bullish about the growth of renewable sources. Results shown in the table below indicate the industry recognizes the transformation cannot be implemented without energy storage: Sector

U.S. corporations are also pursuing renewable energy, with 40 organizations signing the RE100 initiative to source 100% renewable energy by a designated year. The companies are also encouraging use of renewable energy within their supply chains. Several organizations are ahead of the curve:

At the local level, California became the first U.S. state mandating solar panels on most new homes built after January 1, 2020. The requirement is part of Governor Jerry Brown’s pledge to reduce carbon emissions by 40% in the next 12 years. Importantly, the initiative fuels the continued growth of residential solar, helping it evolve into a building standard, and a practice adopted by other U.S. states.

The scientific community echoes the confidence of utility and commercial companies in non-hydro renewable energy. A recent report shows 80% of U.S. electricity demand could be met with solar and wind power, according to researchers from the University of California—Irvine, the Carnegie Institution for Science, and the California Institute of Technology. To handle the variance in the availability of solar and wind, systems capable of storing several weeks of power would be required. The Power & Potential of Flow Batteries for Energy Storage

¤ Flow batteries, which produce an electrical current through an exchange of negatively and positively charged liquid, using non-explosive, non-flammable electrolytes, have emerged as a low-carbon footprint solution. The structure of flow batteries provides reliability — liquids can be stored almost indefinitely and activated quickly. And flow batteries are scalable — they can be produced in several sizes.

¤ Vanadium flow batteries are viewed by some as the frontrunner for energy storage solutions because of their reliability and battery life. But the cost is still one of the challenges facing lithium-ion alternatives like vanadium flow batteries.

Patented technologies in the StorEn battery help it deliver increased power density and roundtrip efficiency. The battery requires little to no maintenance with a patented leak system. And with a targeted cost of 2¢ per cycle, StorEn’s vanadium flow battery is a contender in the DOE’s storage program.

The renewable energy economy continues to grow, spurred by commitment across sectors and industries. Falling costs of onshore wind and solar photovoltaic electricity have made these sources the most inexpensive new energy available, according to the International Renewable Energy Agency (IRENA). But storage is an acknowledged “must-have” with solar and wind to deliver consistent energy from variable power sources. StorEn Technologies has answered the call for long-duration energy storage. If you want to be part of the storage solution, you can invest in StorEn’s technology via its equity campaign.

Editor’s note: This post is sponsored by StorEn Technologies. Clearly, this is a promotional pitch. We do not have enough proprietary information to fully judge the merits of one energy storage company versus another, but we would not run a sponsored post from an energy storage company we thought did not have notable competitive advantages that might lead to the company significantly helping society as a whole. That said, we also are not prophets regarding this fast-moving, nascent, rapid-growth industry. We understand that we have solar and storage professionals among our readership who have varying opinions of the merits of different technologies, so we do encourage that more detailed debate if you feel compelled to get into it. Also, while we at CleanTechnica do like to promote companies and technologies we think are helping the world and have a bright future, we do not provide investment advice — use your own judgement or consult an investment professional if you are thinking about putting investment into a company or project.