DOE Targets 90% Cut in Cost of Long-duration Storage
With Multiple Technologies Available, Industry Analysts Say Goal Can be Reached
The DOE wants long-duration storage technologies — like Energy Vault's towers that raise and lower 35-ton blocks of concrete — to hit a levelized cost of 5 cents per kWh-cycle for 10 hours or more within the next decade. | Energy Vault
Sep 28, 2021 |
A new initiative at DOE's national labs will use AI and machine learning to cut the time long-duration storage technologies will need to reach commercial scale.