The Long Duration Energy Storage (LDES) Council is a global CEO-led organisation focused on replacing the use of fossil fuels to meet peak demand with zero-carbon long duration energy storage. On 1st of February the LDES Council welcomed 12 new members since its launch in November 2021 at COP26 in Glasgow.
Kyoto Group joins the LDES council as a technology member, together with other strong industry names.
“We at Kyoto Group are excited and eager to join the LDES Council. Accelerating the decarbonisation of our energy system is an important and urgent task, which requires knowledge sharing, collaboration and technology development. We believe that thermal energy storage and the use of renewable heat is a key contributing technology to enable sustainable business based on green energy. We look very much forward to take part in this collaboration with key players in the LDES and renewable energy industry to enable a future where green energy is available to everyone,” says Kyoto Group CFO and Interim CEO Camilla Nilsson.
The organisation now has a total of 36 diverse companies in regions across the world representing the full spectrum of the energy transition – including technology innovators, equipment providers, energy developers, utilities, grid operators, investors, and end-users.
The LDES Council has two categories of membership: technology members who are leading the innovation in long duration energy storage and anchor members that include capital providers, equipment manufacturers, low-carbon energy system integrators and developers, and industry and services customers. Joining the LDES Council are five anchor members: Corre Energy, Google, Microsoft, Ørsted, and Sumitomo SHI FW; as well as seven technology members: Enervenue, Kraftblock, Kyoto Group, Magaldi, SENS, TORC Clean Energy, and VoltStorage.
Building upon the Council’s global footprint, its members are based across Australia, Canada, Europe, India, the Middle East, and the United States. The diverse perspectives and broad range of experience offered by the new LDES Council members will add tremendous value as the organisation works to support governments, grid operators and major electricity users in the global adoption of cost-effective long duration energy storage to replace the use of fossil fuels.
About the LDES Council:
The LDES Council is a global, CEO-led organisation that strives to accelerate decarbonisation of the energy system at lowest cost to society by driving innovation, commercialisation, and deployment of long duration energy storage. While supporting the deployment of long duration energy storage, the LDES Council is independent of any specific technology and its members span the spectrum of innovation and include companies working on electrochemical, mechanical, thermal, and chemical LDES. The LDES Council provides fact-based guidance and information to governments, industry, and broader society, drawing from the experience of its members, which include leading energy companies, technology providers, investors, and end-users. McKinsey & Company is involved as a knowledge partner to the Council.
In 2022, the LDES Council is prioritizing research into a number of decarbonisation topics, led by Working Groups formed from member company representation. Building on the 2021 Net zero-power report the Council is looking more closely at areas such as thermal flexibility, including power and heat coupling. Working Groups are also being developed around research topics across 24/7 renewable Power Purchase Agreements (PPAs), regulatory/policy tools, evaluation of benefits to transmission and distribution networks, cost-optimal net-zero analyses for mining and island applications, and potential financing mechanisms.