The era of ‘free’ excess renewable energy is over

AI Summary

• •The era of 'free' or wasted excess renewable energy is ending due to rising energy demand, making energy waste an unaffordable luxury.
• •This shift implies increased value for all generated power and higher costs for inefficient consumption, impacting large power consumers directly.
• •High-efficiency long-duration energy storage (LDES) is identified as a critical technology for achieving both climate goals and economic viability in the new energy landscape.
• •Developers should prioritize LDES projects to capitalize on the increasing value of previously curtailed renewables and meet growing demand, while large loads must consider LDES for cost management and reliability.