Thermal Energy Storage (TES) is gaining momentum as a solution for providing wider flexibility for the energy system to better integrate intermittent renewable energy and for decarbonizing industrial heat. Currently, TES has not yet been widely adopted, but its deployment has reached a turning point and is gearing up for an exponential trajectory. According to IRENA, installed TES capacity is expected to more than triple globally by 2030 to 800 GWh. There are tremendous opportunities for the US and EU economies to cooperate to create larger markets for these technologies, accelerating the decarbonization of the energy system. Read the key takeaways!
Future Cleantech Architects recently participated in the EU-US Trade and Technology Council Stakeholder Event (TIST), which took place in Washington D.C. on January 30th and 31st, 2024. Upon the invitation of EU Trade and the Office of the U.S. Trade Representative, we hosted a session on “Accelerating the scale-up of technologies in a transatlantic context – Thermal energy storage and industry” in collaboration with Breakthrough Energy.
Stay tuned for more on Thermal Energy Storage!