This new Lux report, "Defining and scouting long-duration energy storage," the first service-centric analysis of the long-duration energy storage market, establishes a new framework for segmenting the market that provides structure and clarity for evaluating current and future technologies and reveals growth opportunities in the battery market.
As more renewable energy is deployed, and stationary storage project owners demand more flexibility from their assets, long-duration energy storage is increasingly seen as a promising solution. However, in a market that often lumps together any technology with storage that lasts "for more than four hours," assessing solutions is a challenge.
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