+1 19-07-2024 0 Comments

Long-Duration Energy Storage: The Key Breakthrough in Energy Structure Transformation

19-07-2024

At the 3rd Nanjing New Track Conference on July 18, 2024, Ge Qun, Chairman of WeView Energy, delivered a keynote speech titled “Long-Duration Energy Storage: The Key Breakthrough in Energy Structure Transformation,” exploring new quality productive forces.

Ge Qun proposed the following points:

WeView has already built the industry’s most advanced flow battery intelligent factory, enhancing the high yield, consistency, and reliability of energy storage equipment to support energy transformation.

Ge Qun introduced a concept similar to “Moore’s Law,” specifically tailored for the energy storage industry. The ambitious goal is to collectively reduce the Levelized Cost of Storage (LCOS) to $40/MWh within three years. Achieving this milestone is crucial for bolstering the economic feasibility of new energy sources and invigorating the renewable clean energy market.