Finance

5Year Cumulative VC Capital Deployment In Energy Storage By Sector) Long duration energy storage LDES, particularly electrochemical storage, has been the primary focus of VC investments, amounting to over $2B in the period of 20202024 $1.2bn to Form Energy alone). LDES and non-lithium chemistries (such as flow batteries and sodium-ion) have gained traction alongside investments in manufacturing and supply chain localization. Increased interest in LDES is largely a result of challenges faced by lithium cells in grid hardening applications where battery power may be required for 10 hours.

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