This article discusses the current state of Long Duration Energy Storage (LDES) technology, which is designed to store energy from a few hours to weeks. It notes that while $33 billion has been invested in blockchain and crypto startups in 2021, only $1.8 billion has been invested in LDES startups between 2001 and 2021. The article also mentions the Long Duration Energy Storage Council’s lower estimate that 1500 GW of installed power capacity of LDES will be needed. Lastly, the article states that the biggest challenge for the moment is the lack of a clear business model for LDES.
