Energy Storage News•about 1 month ago
Flow batteries hold potential for LDES but industry shows mixed fortunes so far
Key Takeaway
While flow batteries offer significant LDES potential, the market's 'mixed fortunes' necessitate careful evaluation of providers and technologies for developers and large consumers to navigate investment risks.
AI Summary
- •Flow batteries are a critical technology for Long Duration Energy Storage (LDES), offering potential beyond typical short-duration solutions.
- •The flow battery market is experiencing 'mixed fortunes,' indicating significant variability in the commercial viability and stability of different providers.
- •Developers and IPPs must conduct thorough due diligence on leading flow battery providers, evaluating their offerings, financial health, and technological maturity to mitigate project risks.
- •Large power consumers considering LDES for resilience or arbitrage should be aware of the evolving vendor landscape and potential risks associated with less established companies.
Topics
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