ESS CEO Eric Dresselhuys joined Renewable Energy World for a conversation about the company's journey to becoming the first U.S. long-duration energy storage company to list on the New York Stock Exchange, the promise of flow battery technology, and the impact of proposed tax credits for energy storage currently being considered by the U.S. Congress.
Mechanical, electrochemical, chemical, and thermal long-duration energy storage technologies are all represented by the LDESC, as well as equipment manufacturers, low-carbon energy system integrators, industrial customers, and capital providers.
The LDESC will release a strategic report on long-duration energy storage technologies on Nov. 23. The report will detail how $1.5-3 trillion investment in long-duration energy storage can eliminate 1.5-2.3 Gt of CO2 produced annually from fossil fuels.
Long-duration energy storage -- five hours or more -- is a crucial piece in the world's transition away from polluting fossil fuels toward renewable energy resources.
Bill Gates' Breakthrough Energy Ventures is backing long-duration storage companies ESS, Form Energy, and Ambri, among others, while gravity-based energy storage firm Energy Vault is expected to list on the NYSE after a SPAC merger of its own, valuing the company at $1.1 billion.
John Engel is the Content Director for Renewable Energy World. For the past decade, John has worked as a journalist across various mediums -- print, digital, radio, and television -- covering sports, news, and politics. He lives in Asheville, North Carolina with his wife, Malia.
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