LDES Council Adds New Members Amid Surging Global Demand for Long Duration Energy Storage
BRUSSELS – The Long Duration Energy Storage Council (“LDES Council”), the leading authority on long duration energy storage (LDES), has tripled in size, with almost 70 members representing the full global energy value chain – disruptive technology companies, innovative renewable energy companies, and forward-looking equipment providers, utilities, investors, and end-users.
Joining the LDES Council in Q3 are the Vermont Electric Power Company (VELCO), as the first service provider member; Fusion Energy Group, Sage Geosystems, and Stryten Energy as technology members; and MN8 Energy as an anchor member. These leading energy producers, providers, infrastructure, and storage companies are joining the LDES Council’s rapidly growing membership to further expand the LDES market and join forces to advocate, educate, and increase the market for long duration energy storage.
LDES Council chief executive officer Julia Souder said, “Global decarbonization goals are simply not possible without LDES. By empowering global energy leaders from our membership, the LDES Council offers a unique opportunity to collaborate and lead economies towards greater adoption of LDES, driving a faster transition to net-zero emissions.”
The LDES Council and its ecosystem of industry innovators are working to educate decision makers about the benefits of long duration energy storage, utilizing regional partners to push for 8TW of LDES by 2040, as outlined in the LDES Council’s Net-Zero Heat report, and realize the benefits of long duration energy storage.
About our New Members
Fusion Energy Group
The mission of Fusion Energy Group is to provide cost-competitive, long-duration energy storage solutions, targeting applications requiring more than four hours of storage in various sectors such as commercial, industrial, microgrids, and distributed energy and utilities markets. Our goal is to expedite the global transition towards sustainable, flexible, and secure energy sources by offering reliable energy storage solutions.
Fusion Energy Group is currently in the process of developing and commercializing an iron slurry redox flow battery in Melbourne, Australia. This innovative technology possesses several unique features designed to address the specific requirements of long-duration energy storage (LDES). Notably, it allows for the separation of energy quantity from the rate at which LDES systems can absorb and release energy, offering unparalleled flexibility.
Our technology is highly versatile and scalable, with minimal geographical limitations. It operates modularly and does not rely on rare-earth elements, ensuring its sustainability and accessibility. We are proud to announce that the iron slurry flow battery is scheduled for field trials in both Australia and the USA in 2024, marking a significant step towards achieving our mission of advancing sustainable energy solutions. Visit: www.fusionerg.com
MN8 is a renewable energy company with a more than 2.4 gigawatt solar fleet comprised of 850 projects across 27 states and over 270 megawatts of battery storage projects, making MN8 one of the largest independent solar energy and energy storage power producers in the U.S. MN8 is headquartered in New York with offices in Boca Raton, Florida, and Madrid.
Sage Geosystems is a rapidly growing business dedicated to the advancement and widespread deployment of energy storage and geothermal baseload solutions for a sustainable energy future. Founded in 2020, Sage brings innovative technology and a team with a proven track record of action and delivery. Sage has energy storage solutions that can provide either short- or long-duration storage and that are ready to scale now, which is more cost effective than pumped storage hydropower and lithium-ion batteries. Sage’s energy storage can be deployed virtually anywhere, it has a small surface footprint, and is sustainable, requiring no supply chain. Sage can also drill slightly deeper wells to reach elevated temperatures, which achieves geothermal energy generation. With expertise in drilling, engineering, and data science, Sage Geosystems strives to make geothermal energy accessible and affordable for everyone, everywhere. To learn more, visit: https://www.sagegeosystems.com.
Stryten Energy helps solve the world’s most pressing energy challenges with a broad range of energy storage solutions across the Essential Power, Motive Power, Transportation, Military and Government sectors. Headquartered in Alpharetta, Georgia, we partner with some of the world’s most recognized companies to meet the growing demand for reliable and sustainable energy storage capacity. Stryten powers everything from submarines to subcompacts, microgrids, warehouses, distribution centers, cars, trains and trucks. Our stored energy technologies include advanced lead, lithium and vanadium redox flow batteries, intelligent chargers and energy performance management software that keep people on the move and supply chains running. An industry leader backed by more than a century of expertise, Stryten has The Energy to Challenge the status quo and deliver top-performing energy solutions for today and tomorrow. Learn more at stryten.com.
Vermont Electric Power Company (VELCO)
VELCO is the nation’s only transmission company owned by local distribution utilities and a public benefits corporation with an equally unique for-profit financial structure that delivers cooperative-like benefits to every resident in the state. Our vision is to help create a sustainable Vermont. We view energy storage, especially long-duration storage, as a critical and yet still largely emerging tool for maintaining and improving grid reliability. transition to clean energy. Our view is that storage at scale, coupled with thoughtful transmission buildout are key components necessary to securing a more resilient, affordable, sustainable and just energy future. Please visit https://www.velco.com to learn more.
LDES Council staff are attending RE+ in Las Vegas, NV (USA), from September 11-14. The LDES Council has a booth at the Venetian Hotel on Expo Level 1, #24028, and is hosting a workshop on long duration energy storage, as well as speaking at several other events throughout the conference.
Also, LDES Council representatives will be attending Climate Week New York, from September 17-24 and the LDES Council is speaking on several events around 24/7 carbon-free energy at the United Nations as part of the week’s events.About the LDES Council
The LDES Council is a global non-profit organization with over 70 members in 20 countries. The LDES Council advances the decarbonization of our world through the acceleration of long-duration energy storage by providing member-driven, fact-based guidance and research on the deployment of long-duration energy storage for society’s benefit.
An executive-led organization, the LDES Council represents the ecosystem of industry leaders supporting the diversity of energy storage technologies as well as technology innovators, energy users, equipment manufacturers, and investors.