Biden wants to fund long-duration energy storage innovation, drop costs 90 percent by 2030

energy storage

Within the Biden Administration’s 2022 budget request for the U.S. Department is a focus on lowering the cost of long-duration energy storage – seeking a 90 percent drop in grid-scale, long-duration energy storage costs by 2030. The second target within DOE’s Energy Earthshot Initiative, “Long Duration Storage Shot” sets bold goals to accelerate breakthroughs in the category.  

Funding for the Office of Energy Efficiency and Renewable Energy (EERE), the National Renewable Energy Laboratory (NREL), the Advanced Research Projects Agency-Energy (ARPA-E) and the newly proposed Advanced Research Projects Agency-Climate (ARPA-C) would be part of this.

“Storage costs are dropping, but not nearly fast enough to support the level of deployment we need to avoid the worst effects of climate change,” notes Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “The energy storage program, which will be modeled after the successful SunShot program, is a helpful framework for inspiring innovation, supporting a competitive storage market and pushing the clean energy industry to work together to achieve something greater than what we could do individually. Together, we can help to improve the dispatchability of long-range storage, establish a domestic manufacturing base for storage, and create jobs, all while cutting costs and emphasizing equity in everything we do.

“While the details of the budget are still emerging, this is an encouraging start and we are urging congressional leaders to fully fund the Administration’s budget request for these agencies, so that America can continue its global leadership on clean energy.”

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