At COP26 in Glasgow, UK, Alfa Laval has announced its participation in the Long Duration Energy Storage (LDES) Council. Formed by technology companies, users and investors to achieve grid net-zero by 2040, the council will support governments, grid operators and major electricity users in adopting the most cost-effective energy storage solutions to replace the use of fossil fuels.
To achieve decarbonisation, significant efforts must be made to reduce emissions across all sectors. The power sector, which accounts for roughly one-third of global emissions, is central to global decarbonisation and will need to achieve net-zero emissions by 2040. Long duration energy storage can cost-effectively store electricity from wind, solar and other renewable sources and then make it available when needed. (Lithium-ion batteries offer an alternate solution but become too expensive for storage durations beyond 8 hours.).
The LDES Council was established by 25 founder members including Alfa Laval, bp, Breakthrough Energy Ventures, ESS Inc and Siemens Energy. On November 23, 2021, the LDES Council will publish its first annual report on the need for long duration energy storage in order to reach net-zero carbon emissions.
“We are very pleased to be part of this council which will facilitate the transition towards more sustainable energy supply,” says Thomas Møller, President of the Energy Division, Alfa Laval. “We are contributing our expertise but also our heat exchanger technology which plays an important role in developing ideas into commercially viable alternatives. The coming report shows that LDES will make a big difference on the route towards decarbonisation.”