Can industrial firms switch to renewables to electrify operations?

Industrial firms seeking to switch to renewables to electrify operations must find efficient storage mechanisms that eliminate intermittency issues. Some entrepreneurs are looking beyond chemical batteries to store thermal energy directly—a new field called thermal energy storage.

Why do we need energy storage solutions?

As the global energy transition accelerates, the need for reliable, scalable and cost-effective energy storage solutions has never been greater.

How important is thermal energy storage?

While thermal energy storage is still a nascent technology, we consider it essential and expect it to grow in importance as we move deeper into the post-Climate age. Intelligent investors take note. Find Erik Kobayashi-Solomon on LinkedIn and X. Visit Erik's website. Browse additional work. One Community.

How many energy storage projects are in the pipeline?

In response to rising demand and the challenges renewables have added to grid balancing efforts, the power industry has seen an uptick in energy storage project activity, with more than 4,000 storage projects in the pipeline globally, according to GlobalData. Credit: Thitichaya Yajampa via Shutterstock.

What are the different types of stationary energy storage technologies?

Stationary energy storage technologies broadly fall into three categories: electro-chemical storage, namely batteries, fuel cells and hydrogen storage; electro-mechanical storage, such as compressed air storage, flywheel storage and gravitational storage; and thermal storage, including sensible, latent and thermochemical storage.