Curated News
By: NewsRamp Editorial Staff
July 07, 2025
Urgent Call for Accelerated Energy Storage to Boost Renewables
TLDR
- SolarBank Corp. could gain a competitive edge by investing in long-duration energy storage systems, meeting the growing demand for renewable energy solutions.
- The report outlines the necessity of scaling LDES technologies 50 times faster to achieve decarbonisation goals by 2030 through co-located long-duration energy storage.
- Accelerating the deployment of energy storage systems makes the world better by unlocking renewable energy potential, reducing carbon emissions for a sustainable future.
- Discover how long-duration energy storage scaling can revolutionize renewable energy use, offering a glimpse into a cleaner, more efficient energy future.
Impact - Why it Matters
The push for accelerated deployment of energy storage systems is a critical step towards achieving global decarbonization goals. By enabling more efficient use of renewable energy sources like wind and solar, these technologies can significantly reduce reliance on fossil fuels, mitigate climate change impacts, and pave the way for a sustainable energy future. This development is not just about environmental benefits; it also represents a burgeoning market opportunity for companies and investors in the green energy sector.
Summary
A groundbreaking report released during London Climate Action Week emphasizes the urgent need for an accelerated deployment of stationary energy storage systems to complement renewable energy sources. Highlighting the critical role of scaling up LDES technologies, the report, titled "Navigating the investment case for co-located long-duration energy storage: Delivering 3x Renewables by 2030," underscores the necessity of these systems to fully harness the potential of wind and solar energy. Companies such as SolarBank Corp. are poised to benefit from the increasing demand for long-duration energy storage solutions.
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Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Urgent Call for Accelerated Energy Storage to Boost Renewables
