20.10.2022 / News
5% of new capacity from “Innovative” Renewable Energy: A necessary and do-able enhancement to the Renewable Energy Directive
On 26 September 2022, the European Parliament agreed on its position on the revised Renewable Energy Directive, which include three amendments with set targets for Member States. Firstly, a target for 5% of renewable energy capacity to be "innovative", demand-side flexibility of 5% of peak electricity, and for Member States to set non-binding energy storage targets for 2030.
21.11.2022 / Members News
TotalEnergies, 1414 Degrees, others join LDES Council in Q3
Oil and gas major TotalEnergies, thermal energy storage system company 1414 Degrees and six other companies have joined the Long Duration Energy Storage (LDES) Council.
The CEO-led organisation, founded at COP26 last year, said the new members have joined towards the end of quarter three.
The LDES Council has welcomed four new technology members – companies providing long duration energy storage solutions – and four new anchor members – companies with interests or operations within the broader energy sector.
The new technology members are: molten silicon thermal energy storage system (TESS) provider 1414 Degrees, high-density hydro energy storage startup RheEnergise, broader heating solutions company Thermowatt and Mine Storage, a company which says it operates medium-to-large-scale power storage solutions in underground mines.
New anchor members are UAE state-owned aluminium conglomerate Emirates Global Aluminium (EGA), energy company EnBW Energie Baden-Württemberg AG, mining and metals group South32, and TotalEnergies.
The Council was set up to enable the deployment of between 85TWh and 140TWh of long-duration energy storage worldwide by 2040. It recently said the LDES sector will need significant policy support to achieve this until 2030-35.