Energy storage innovation studio name and image

What is the future energy storage studio?

September 22, 2023 – Brooklyn, NY – Today, Ørsted, a leading global clean energy company, and Newlab, a deep tech innovation hub, announced a new partnership to launch the Future Energy Storage Studio, a program that will engage start-ups, industry leaders and other innovation partners to advance early-stage energy storage technologies.

What is the future of energy storage study?

The Future of Energy Storage study is the ninth in MITEI’s “Future of” series, which aims to shed light on a range of complex and important issues involving energy and the environment.

What are the new energy innovation hubs?

The U.S. Department of Energy announced the creation of two new Energy Innovation Hubs led by DOE national laboratories across the country. One of the national hubs, the Energy Storage Research Alliance (ESRA), is led by Argonne National Laboratory and co-led by Berkeley Lab and Pacific Northwest National Laboratory.

Why is energy storage important?

Energy storage is a potential substitute for, or complement to, almost every aspect of a power system, including generation, transmission, and demand flexibility. Storage should be co-optimized with clean generation, transmission systems, and strategies to reward consumers for making their electricity use more flexible.

What is the Energy Storage Research Alliance (Esra)?

The Energy Storage Research Alliance will focus on advancing battery technology to help the U.S. achieve a clean and secure energy future Berkeley Lab’s contributions to ESRA include world-leading energy storage research expertise and capabilities, such as the Advanced Light Source. Credit: Marilyn Sargent/Berkeley Lab

Why do we need a co-optimized energy storage system?

The need to co-optimize storage with other elements of the electricity system, coupled with uncertain climate change impacts on demand and supply, necessitate advances in analytical tools to reliably and efficiently plan, operate, and regulate power systems of the future.