• 4 minutes Permian in for Prosperous and Bright Future
  • 7 minutes Amount of Oil Usage in the United States
  • 10 minutes America Could Go Fully Electric Right Now
  • 6 hours Something wicked this way comes
  • 16 hours Tesla Battery Day (announcements on technology)
  • 5 hours Kalifornistan, CO2, clueless politicians, climate hustle
  • 2 hours JP Morgan Christyan Malek, report this Summer .. . We are at beginning of oil Super Cycle and will see $190 bbl Brent by 2025. LOL
  • 13 hours Natural Gas Saves Southern California From Blackouts
  • 10 hours Why NG falling n crude up?
  • 4 hours .
  • 4 hours Famine, Economic Collapse of China on the Horizon?
  • 2 days US after 4 more years of Trump?
  • 1 day Ten Years of Plunging Solar Prices
  • 2 days Top HHS official takes leave of absence after Facebook rant about CDC conspiracies
Shell May Cut Upstream Oil Operations By 40%

Shell May Cut Upstream Oil Operations By 40%

Oil and gas supermajor Shell…

The Electrification Of UK Offshore Oil & Gas

The Electrification Of UK Offshore Oil & Gas

Electrification of oil and gas…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

The U.S. Aims For Energy Storage Dominance

The U.S. Department of Energy is launching a program to speed up the development and use of next-generation energy storage solutions and technologies, aiming to position the United States for global leadership in energy storage and make it independent of foreign sources of critical materials.

The Energy Storage Grand Challenge, launched by U.S. Energy Secretary Dan Brouillette, targets to create a secure domestic supply chain without the need of foreign sourced critical materials by 2030. The program also aims to make America a global leader in energy storage utilization and exports.

“Energy storage is key to capturing the full value of our diverse energy resources,” Secretary Brouillette said in a statement.

“Through this Grand Challenge, we will deploy the Department’s extensive resources and expertise to address the technology development, commercialization, manufacturing, valuation, and workforce challenges to position the U.S. for global leadership in the energy storage technologies of the future,” Secretary Brouillette added.

The DOE will draft a coordinated research and development (R&D) roadmap to 2030 for a wide range of storage and flexibility technologies.

As global and U.S. use of renewable power sources and electric vehicles (EVs) grows, energy storage would be the next big investment opportunity in the energy sector, as scientists, researchers, and engineers continue to look for the ultimate solution in energy storage—cost-efficient batteries that can support increased deployment of solar and wind power.   Related: Is Europe’s Latest Gas Deal A Win-Win?

In the new decade, batteries and battery technology are set to play an increasingly important role in bringing more electric vehicles and renewable energy to the market, analysts say.  

Rapidly declining costs and the potential to scale up existing and breakthrough battery and energy storage solutions are set to dramatically change the global mobility market and the power grid over the next ten years.  

A lot of investments will be necessary in scaling up emerging battery and energy storage technology, as well as in the further development of lithium-ion batteries and alternative battery tech, to support the clean energy transition while global demand for electricity continues to rise. 

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News