Earlier this year, the California Energy Commission (CEC) published a $20 million solicitation to fund research projects for the deployment of long-duration energy storage. The objective was to develop a clear understanding of the role that long-duration energy storage (10 hours or greater) can play in helping to meet the state's mandates to decarbonize the electricity sector by 2045.

Clean Power For all the excitement over the next big thing in lithium-ion batteries, the simple fact is that plain old water is the only large scale, long duration energy storage medium available today in the US and in many other parts of the world.

As energy storage becomes an increasingly critical element of the modern grid, a wide range of business models are available on the market. Energy storage as a service (ESaaS), in particular, is gaining traction among service providers.