What does it mean for scaleups?
With lithium-ion batteries locking down short-term storage, investors are now flooding the long-duration energy storage market, raising $582.4 million in Q2 2024 alone, according to PitchBook Inc. Key players are pitching everything from thermal energy to compressed gas. Highview Power and Rondo Energy are leading the charge, but here’s the catch: as grids absorb more renewables, the actual need for long-duration storage may not be as big as we thought.
if you’re scaling up in this space, get ready for tough questions. Why won't your tech be outcompeted by the next shiny thing? How would you justify your total addressable market? 🤔
Bottom line: The market is shrinking, but the cash is flowing. I’ll be over here, popping on my popcorn. 🍿
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