Why do we need energy storage solutions?

As the global energy transition accelerates, the need for reliable, scalable and cost-effective energy storage solutions has never been greater.

Was 2024 a good year for energy storage?

For a good overview of the energy storage situation at the end of last year, focused on batteries collected to act at grid scales, read “ 2024 was a fantastic year for energy storage ” (Julian Spector, Canary Media).

Are energy storage technologies making a dent?

The energy storage space is heating up. Here are some of the technologies making a dent. Achieving the Biden administration’s goal of decarbonizing the power sector by 2035 will require a slew of energy storage technologies beyond just lithium-ion batteries, and multiple players are bringing new technology solutions to the market to fill that gap.

What are the different types of thermal energy storage?

Several types of thermal energy storage are being explored. One is “sensible heat storage” – simply heating and cooling some kind of material. For instance, sand batteries in Finland: “ How a sand battery could transform clean energy ” (Erika Benke, BBC) and “ A tiny town is betting on a sand battery to heat homes.

Does MGA have a 'thermo-thermal energy storage' system?

MGA has been fine tuning the material for a decade, and now all that hard work — and all that funding — is paying off. On April 29, MGA announced the operation of its first “Electro-Thermal Energy Storage” demonstration system, aimed at storing renewable energy to deliver industrial-grade steam.

Is MGA the only innovator hammering away at an energy storage solution?

MGA is far from the only innovator hammering away at an energy storage solution for industrial processes. Perhaps now would be a good time for fossil energy stakeholders to start looking over their shoulders. In some respects they are still coasting on the limitations of conventional battery storage.