{"version":"1.0.0","segments":[{"speaker":"Julia Souder","startTime":3.603,"endTime":7.453,"body":"And so flexibility that"},{"speaker":"Julia Souder","startTime":3.603,"endTime":7.453,"body":"meets every hour of every day, of"},{"speaker":"Julia Souder","startTime":7.453,"endTime":10.913,"body":"every month of every year can be met"},{"speaker":"Julia Souder","startTime":7.453,"endTime":10.913,"body":"with long duration energy storage."},{"speaker":"Julia Souder","startTime":10.923,"endTime":12.693,"body":"And we can do this in"},{"speaker":"Julia Souder","startTime":10.923,"endTime":12.693,"body":"an affordable manner."},{"speaker":"Julia Souder","startTime":13.083,"endTime":17.083,"body":"One of the pieces why this can be so"},{"speaker":"Julia Souder","startTime":13.083,"endTime":17.083,"body":"affordable in matching the integration"},{"speaker":"Julia Souder","startTime":17.083,"endTime":22.478,"body":"of renewable energy is also the fact that"},{"speaker":"Julia Souder","startTime":17.083,"endTime":22.478,"body":"these assets last 10, 20, even 50 years."},{"speaker":"Julia Souder","startTime":22.608,"endTime":25.288,"body":"So you're getting a cost savings that"},{"speaker":"Julia Souder","startTime":22.608,"endTime":25.288,"body":"this is something you don't have to"},{"speaker":"Julia Souder","startTime":25.288,"endTime":27.048,"body":"change out every five to ten years."},{"speaker":"Julia Souder","startTime":27.338,"endTime":29.828,"body":"You have that security of knowing"},{"speaker":"Julia Souder","startTime":27.338,"endTime":29.828,"body":"that you have an available"},{"speaker":"Julia Souder","startTime":29.848,"endTime":31.218,"body":"product that you can rely on."},{"speaker":"Tom Raftery","startTime":32.898,"endTime":34.998,"body":"Good morning, good"},{"speaker":"Tom Raftery","startTime":32.898,"endTime":34.998,"body":"afternoon, or good evening,"},{"speaker":"Tom Raftery","startTime":34.998,"endTime":36.528,"body":"wherever you are in the world."},{"speaker":"Tom Raftery","startTime":36.828,"endTime":38.958,"body":"This is the Climate Confident podcast."},{"speaker":"Tom Raftery","startTime":39.198,"endTime":42.828,"body":"The number one podcast, showcasing"},{"speaker":"Tom Raftery","startTime":39.198,"endTime":42.828,"body":"best practices in climate"},{"speaker":"Tom Raftery","startTime":42.828,"endTime":44.508,"body":"emission, reductions and removals."},{"speaker":"Tom Raftery","startTime":44.898,"endTime":46.788,"body":"And I'm your host, Tom Raftery."},{"speaker":"Tom Raftery","startTime":46.997,"endTime":50.777,"body":"Don't forget to click follow on this"},{"speaker":"Tom Raftery","startTime":46.997,"endTime":50.777,"body":"podcast in your podcast app of choice,"},{"speaker":"Tom Raftery","startTime":50.897,"endTime":53.297,"body":"to be sure you don't miss any episodes."},{"speaker":"Tom Raftery","startTime":55.127,"endTime":59.647,"body":"Hi everyone and welcome to episode"},{"speaker":"Tom Raftery","startTime":55.127,"endTime":59.647,"body":"131 of the Climate Confident podcast."},{"speaker":"Tom Raftery","startTime":60.137,"endTime":64.057,"body":"My name is Tom Raftery and before we"},{"speaker":"Tom Raftery","startTime":60.137,"endTime":64.057,"body":"kick off today's show I want to take a"},{"speaker":"Tom Raftery","startTime":64.067,"endTime":68.757,"body":"moment to express my gratitude to all"},{"speaker":"Tom Raftery","startTime":64.067,"endTime":68.757,"body":"of this podcast's amazing supporters."},{"speaker":"Tom Raftery","startTime":69.247,"endTime":73.437,"body":"Your support has been instrumental in"},{"speaker":"Tom Raftery","startTime":69.247,"endTime":73.437,"body":"keeping the podcast going and I'm really"},{"speaker":"Tom Raftery","startTime":73.437,"endTime":75.487,"body":"grateful for each and every one of you."},{"speaker":"Tom Raftery","startTime":76.397,"endTime":79.787,"body":"If you're not already a supporter I'd"},{"speaker":"Tom Raftery","startTime":76.397,"endTime":79.787,"body":"like to encourage you to consider joining"},{"speaker":"Tom Raftery","startTime":79.787,"endTime":83.107,"body":"our community of like minded individuals"},{"speaker":"Tom Raftery","startTime":79.787,"endTime":83.107,"body":"who are passionate about climate."},{"speaker":"Tom Raftery","startTime":83.962,"endTime":87.332,"body":"Supporting the podcast is easy and"},{"speaker":"Tom Raftery","startTime":83.962,"endTime":87.332,"body":"affordable with options starting"},{"speaker":"Tom Raftery","startTime":87.332,"endTime":88.862,"body":"as low as just three euros."},{"speaker":"Tom Raftery","startTime":89.452,"endTime":92.272,"body":"That's less than the cost of a"},{"speaker":"Tom Raftery","startTime":89.452,"endTime":92.272,"body":"cup of coffee and your support"},{"speaker":"Tom Raftery","startTime":92.312,"endTime":95.052,"body":"will make a huge difference in"},{"speaker":"Tom Raftery","startTime":92.312,"endTime":95.052,"body":"keeping this show going strong."},{"speaker":"Tom Raftery","startTime":95.962,"endTime":99.252,"body":"To become a supporter simply click on"},{"speaker":"Tom Raftery","startTime":95.962,"endTime":99.252,"body":"the support link in the show notes of"},{"speaker":"Tom Raftery","startTime":99.252,"endTime":102.572,"body":"this or any episode or visit tinyurl."},{"speaker":"Tom Raftery","startTime":102.612,"endTime":104.172,"body":"com slash climate pod."},{"speaker":"Tom Raftery","startTime":105.022,"endTime":108.772,"body":"Now, without further ado,"},{"speaker":"Tom Raftery","startTime":105.022,"endTime":108.772,"body":"with me on the show today, I"},{"speaker":"Tom Raftery","startTime":108.782,"endTime":110.282,"body":"have my special guest, Julia."},{"speaker":"Tom Raftery","startTime":110.672,"endTime":112.152,"body":"Julia, welcome to the podcast."},{"speaker":"Tom Raftery","startTime":112.172,"endTime":113.572,"body":"Would you like to introduce yourself?"},{"speaker":"Julia Souder","startTime":114.284,"endTime":114.884,"body":"Thank you, Tom."},{"speaker":"Julia Souder","startTime":114.914,"endTime":116.014,"body":"It's great to be here."},{"speaker":"Julia Souder","startTime":116.294,"endTime":120.294,"body":"My name is Julia Souder, and I am"},{"speaker":"Julia Souder","startTime":116.294,"endTime":120.294,"body":"the Chief Executive Officer of the"},{"speaker":"Julia Souder","startTime":120.294,"endTime":121.904,"body":"Long Duration Energy Storage Council."},{"speaker":"Julia Souder","startTime":122.569,"endTime":126.219,"body":"We are a global secretariat"},{"speaker":"Julia Souder","startTime":122.569,"endTime":126.219,"body":"based in Brussels with over"},{"speaker":"Julia Souder","startTime":126.219,"endTime":128.519,"body":"60 members and 20 countries."},{"speaker":"Julia Souder","startTime":128.559,"endTime":132.209,"body":"And we've been working hard to"},{"speaker":"Julia Souder","startTime":128.559,"endTime":132.209,"body":"promote the value of long duration"},{"speaker":"Julia Souder","startTime":132.209,"endTime":136.499,"body":"energy storage and the 4 trillion"},{"speaker":"Julia Souder","startTime":132.209,"endTime":136.499,"body":"marketplace that exists, and the 8"},{"speaker":"Julia Souder","startTime":136.539,"endTime":139.819,"body":"terawatts of LDES that are needed"},{"speaker":"Julia Souder","startTime":136.539,"endTime":139.819,"body":"to meet our global net zero targets."},{"speaker":"Tom Raftery","startTime":140.699,"endTime":143.459,"body":"So, Julia, for people"},{"speaker":"Tom Raftery","startTime":140.699,"endTime":143.459,"body":"who might be unaware, what is"},{"speaker":"Tom Raftery","startTime":143.509,"endTime":145.149,"body":"long duration energy storage?"},{"speaker":"Julia Souder","startTime":147.229,"endTime":150.629,"body":"So, long duration energy"},{"speaker":"Julia Souder","startTime":147.229,"endTime":150.629,"body":"storage provides a multitude of benefits"},{"speaker":"Julia Souder","startTime":150.629,"endTime":152.069,"body":"and values to all of our communities."},{"speaker":"Julia Souder","startTime":152.529,"endTime":156.039,"body":"And we do this through the four families"},{"speaker":"Julia Souder","startTime":152.529,"endTime":156.039,"body":"of long duration energy storage."},{"speaker":"Julia Souder","startTime":156.499,"endTime":159.249,"body":"So, long duration energy storage"},{"speaker":"Julia Souder","startTime":156.499,"endTime":159.249,"body":"can be multiple hours, can be"},{"speaker":"Julia Souder","startTime":159.289,"endTime":161.729,"body":"multiple days, can be seasonal."},{"speaker":"Julia Souder","startTime":161.819,"endTime":164.359,"body":"And so, being able to have that"},{"speaker":"Julia Souder","startTime":161.819,"endTime":164.359,"body":"flexibility of providing clean"},{"speaker":"Julia Souder","startTime":164.359,"endTime":167.419,"body":"energy when you need it is critical."},{"speaker":"Julia Souder","startTime":167.419,"endTime":168.939,"body":"And so, within these categories."},{"speaker":"Julia Souder","startTime":169.209,"endTime":172.369,"body":"One thing that the LDES Council"},{"speaker":"Julia Souder","startTime":169.209,"endTime":172.369,"body":"does is promote the diversity."},{"speaker":"Julia Souder","startTime":172.599,"endTime":176.419,"body":"It's really important to have"},{"speaker":"Julia Souder","startTime":172.599,"endTime":176.419,"body":"electrochemical long duration energy"},{"speaker":"Julia Souder","startTime":176.419,"endTime":181.399,"body":"storage, which is pretty much the entire"},{"speaker":"Julia Souder","startTime":176.419,"endTime":181.399,"body":"periodic table except lithium ion, really"},{"speaker":"Julia Souder","startTime":181.399,"endTime":186.439,"body":"provide you values to remote centers,"},{"speaker":"Julia Souder","startTime":181.399,"endTime":186.439,"body":"to urban centers, to island nations."},{"speaker":"Julia Souder","startTime":186.839,"endTime":190.429,"body":"And we also have pumped hydro or"},{"speaker":"Julia Souder","startTime":186.839,"endTime":190.429,"body":"mechanical storage that it can be,"},{"speaker":"Julia Souder","startTime":190.699,"endTime":194.789,"body":"you know, large scale and provide, you"},{"speaker":"Julia Souder","startTime":190.699,"endTime":194.789,"body":"know, hundreds of megawatts of long"},{"speaker":"Julia Souder","startTime":194.789,"endTime":198.834,"body":"duration energy storage over catching"},{"speaker":"Julia Souder","startTime":194.789,"endTime":198.834,"body":"the heat in the, or the sun in the"},{"speaker":"Julia Souder","startTime":198.834,"endTime":200.524,"body":"summer and providing heat in the winter."},{"speaker":"Julia Souder","startTime":200.944,"endTime":205.174,"body":"We also have thermal energy storage,"},{"speaker":"Julia Souder","startTime":200.944,"endTime":205.174,"body":"which provides the different"},{"speaker":"Julia Souder","startTime":205.174,"endTime":208.064,"body":"types of materials that you can"},{"speaker":"Julia Souder","startTime":205.174,"endTime":208.064,"body":"have that are very inexpensive."},{"speaker":"Julia Souder","startTime":208.234,"endTime":213.474,"body":"Salt, rocks, and capture heat and use"},{"speaker":"Julia Souder","startTime":208.234,"endTime":213.474,"body":"it for industrial services for months"},{"speaker":"Julia Souder","startTime":213.504,"endTime":216.294,"body":"and years at an efficiency over 97%."},{"speaker":"Julia Souder","startTime":216.579,"endTime":218.029,"body":"And then we have chemical,"},{"speaker":"Julia Souder","startTime":216.579,"endTime":218.029,"body":"which is hydrogen."},{"speaker":"Julia Souder","startTime":218.029,"endTime":221.039,"body":"So you have power, heat, and"},{"speaker":"Julia Souder","startTime":218.029,"endTime":221.039,"body":"hydrogen, and you have multiple"},{"speaker":"Julia Souder","startTime":221.099,"endTime":222.919,"body":"hours, multiple days, and seasons."},{"speaker":"Julia Souder","startTime":222.959,"endTime":226.859,"body":"So really capturing the need to address"},{"speaker":"Julia Souder","startTime":222.959,"endTime":226.859,"body":"the flexibility of our changing grid."},{"speaker":"Tom Raftery","startTime":228.349,"endTime":228.879,"body":"Okay."},{"speaker":"Tom Raftery","startTime":229.409,"endTime":234.299,"body":"And I mean, we are, we're headed"},{"speaker":"Tom Raftery","startTime":229.409,"endTime":234.299,"body":"into a world where we're trying to"},{"speaker":"Tom Raftery","startTime":234.359,"endTime":236.749,"body":"decarbonize the electricity grid."},{"speaker":"Tom Raftery","startTime":237.224,"endTime":243.564,"body":"And the most efficient, cost efficient"},{"speaker":"Tom Raftery","startTime":237.224,"endTime":243.564,"body":"and efficient ways of doing this seem"},{"speaker":"Tom Raftery","startTime":243.564,"endTime":250.034,"body":"to be with renewables, which are, as"},{"speaker":"Tom Raftery","startTime":243.564,"endTime":250.034,"body":"we are well aware, variable sources of"},{"speaker":"Tom Raftery","startTime":250.034,"endTime":255.394,"body":"generation and of course the grid needs to"},{"speaker":"Tom Raftery","startTime":250.034,"endTime":255.394,"body":"be balanced in terms of supply and demand."},{"speaker":"Tom Raftery","startTime":256.004,"endTime":262.384,"body":"And this is why energy storage is"},{"speaker":"Tom Raftery","startTime":256.004,"endTime":262.384,"body":"becoming more and more important."},{"speaker":"Tom Raftery","startTime":262.504,"endTime":267.609,"body":"And more and more in demand I'm thinking"},{"speaker":"Tom Raftery","startTime":262.504,"endTime":267.609,"body":"because we need to manage supply"},{"speaker":"Tom Raftery","startTime":267.609,"endTime":269.369,"body":"and demand and have them in balance."},{"speaker":"Tom Raftery","startTime":269.409,"endTime":278.664,"body":"And so one of the issues with this has"},{"speaker":"Tom Raftery","startTime":269.409,"endTime":278.664,"body":"been that energy storage isn't cheap."},{"speaker":"Tom Raftery","startTime":279.224,"endTime":281.304,"body":"So how are we addressing that?"},{"speaker":"Julia Souder","startTime":283.924,"endTime":286.924,"body":"Great point, because"},{"speaker":"Julia Souder","startTime":283.924,"endTime":286.924,"body":"there are a lot of assumptions that"},{"speaker":"Julia Souder","startTime":286.924,"endTime":290.234,"body":"are made that we're really trying"},{"speaker":"Julia Souder","startTime":286.924,"endTime":290.234,"body":"to provide fact based information"},{"speaker":"Julia Souder","startTime":290.234,"endTime":292.574,"body":"to really change the marketplace."},{"speaker":"Julia Souder","startTime":293.274,"endTime":298.104,"body":"We need, as you point out, 24 7"},{"speaker":"Julia Souder","startTime":293.274,"endTime":298.104,"body":"reliable, affordable, secure power,"},{"speaker":"Julia Souder","startTime":298.124,"endTime":300.634,"body":"and this needs to be clean, renewable."},{"speaker":"Julia Souder","startTime":300.664,"endTime":303.534,"body":"And so to make sure this happens,"},{"speaker":"Julia Souder","startTime":300.664,"endTime":303.534,"body":"there's where long duration"},{"speaker":"Julia Souder","startTime":303.534,"endTime":304.984,"body":"energy storage comes into play."},{"speaker":"Julia Souder","startTime":305.004,"endTime":309.454,"body":"And we've published a few reports on"},{"speaker":"Julia Souder","startTime":305.004,"endTime":309.454,"body":"our website, including the 24 7 clean"},{"speaker":"Julia Souder","startTime":309.464,"endTime":313.709,"body":"power purchase agreement, demonstrating"},{"speaker":"Julia Souder","startTime":309.464,"endTime":313.709,"body":"that when you have 60% integration of"},{"speaker":"Julia Souder","startTime":313.709,"endTime":317.789,"body":"renewable energy, which many countries"},{"speaker":"Julia Souder","startTime":313.709,"endTime":317.789,"body":"have already surpassed, you're going to"},{"speaker":"Julia Souder","startTime":317.789,"endTime":321.849,"body":"start seeing the critical role of long"},{"speaker":"Julia Souder","startTime":317.789,"endTime":321.849,"body":"duration energy storage be able to meet"},{"speaker":"Julia Souder","startTime":321.849,"endTime":325.859,"body":"those hourly demands and needs, but"},{"speaker":"Julia Souder","startTime":321.849,"endTime":325.859,"body":"also at a cost savings at under $100 a"},{"speaker":"Julia Souder","startTime":325.859,"endTime":330.699,"body":"megawatt hour, $50 megawatt hour depends"},{"speaker":"Julia Souder","startTime":325.859,"endTime":330.699,"body":"on the technology and the location."},{"speaker":"Julia Souder","startTime":331.029,"endTime":334.459,"body":"So we're already starting to see"},{"speaker":"Julia Souder","startTime":331.029,"endTime":334.459,"body":"the cost parity of long duration"},{"speaker":"Julia Souder","startTime":334.459,"endTime":337.219,"body":"energy storage and with the diverse"},{"speaker":"Julia Souder","startTime":334.459,"endTime":337.219,"body":"technologies that are available."},{"speaker":"Julia Souder","startTime":338.319,"endTime":341.139,"body":"It's also really important to"},{"speaker":"Julia Souder","startTime":338.319,"endTime":341.139,"body":"note that we are moving into"},{"speaker":"Julia Souder","startTime":341.139,"endTime":342.639,"body":"climate dependent generation."},{"speaker":"Julia Souder","startTime":342.689,"endTime":348.189,"body":"So renewable energy that depends on the"},{"speaker":"Julia Souder","startTime":342.689,"endTime":348.189,"body":"sun, the wind, is not available 24 7."},{"speaker":"Julia Souder","startTime":348.189,"endTime":353.609,"body":"And so we need long duration energy"},{"speaker":"Julia Souder","startTime":348.189,"endTime":353.609,"body":"stores to provide this shifting, or you're"},{"speaker":"Julia Souder","startTime":353.609,"endTime":357.269,"body":"starting to hear in many conferences, in"},{"speaker":"Julia Souder","startTime":353.609,"endTime":357.269,"body":"many conversations, the word flexibility."},{"speaker":"Julia Souder","startTime":357.734,"endTime":361.794,"body":"And so flexibility that meets"},{"speaker":"Julia Souder","startTime":357.734,"endTime":361.794,"body":"every hour of every day, of every"},{"speaker":"Julia Souder","startTime":361.794,"endTime":365.044,"body":"month of every year can be met"},{"speaker":"Julia Souder","startTime":361.794,"endTime":365.044,"body":"with long duration energy storage."},{"speaker":"Julia Souder","startTime":365.054,"endTime":366.824,"body":"And we can do this in"},{"speaker":"Julia Souder","startTime":365.054,"endTime":366.824,"body":"an affordable manner."},{"speaker":"Julia Souder","startTime":367.214,"endTime":371.214,"body":"One of the pieces why this can be so"},{"speaker":"Julia Souder","startTime":367.214,"endTime":371.214,"body":"affordable in matching the integration"},{"speaker":"Julia Souder","startTime":371.214,"endTime":376.609,"body":"of renewable energy is also the fact that"},{"speaker":"Julia Souder","startTime":371.214,"endTime":376.609,"body":"these assets last 10, 20, even 50 years."},{"speaker":"Julia Souder","startTime":376.739,"endTime":379.419,"body":"So you're getting a cost savings that"},{"speaker":"Julia Souder","startTime":376.739,"endTime":379.419,"body":"this is something you don't have to"},{"speaker":"Julia Souder","startTime":379.419,"endTime":381.179,"body":"change out every five to ten years."},{"speaker":"Julia Souder","startTime":381.469,"endTime":383.959,"body":"You have that security of knowing"},{"speaker":"Julia Souder","startTime":381.469,"endTime":383.959,"body":"that you have an available"},{"speaker":"Julia Souder","startTime":383.979,"endTime":385.349,"body":"product that you can rely on."},{"speaker":"Tom Raftery","startTime":386.799,"endTime":387.209,"body":"Okay."},{"speaker":"Tom Raftery","startTime":387.779,"endTime":394.209,"body":"And so we'll always hear this trope about"},{"speaker":"Tom Raftery","startTime":387.779,"endTime":394.209,"body":"renewables that the sun doesn't always"},{"speaker":"Tom Raftery","startTime":394.209,"endTime":396.769,"body":"shine and the wind doesn't always blow."},{"speaker":"Tom Raftery","startTime":396.769,"endTime":402.709,"body":"And people talk about things like, you"},{"speaker":"Tom Raftery","startTime":396.769,"endTime":402.709,"body":"know, A winter or week when there's no"},{"speaker":"Tom Raftery","startTime":402.719,"endTime":411.353,"body":"wind, how would you get at grid scale"},{"speaker":"Tom Raftery","startTime":402.719,"endTime":411.353,"body":"energy storage that would last 3, days"},{"speaker":"Tom Raftery","startTime":411.633,"endTime":415.933,"body":"in the event that, for example, it was"},{"speaker":"Tom Raftery","startTime":411.633,"endTime":415.933,"body":"winter and the wind wasn't blowing?"},{"speaker":"Julia Souder","startTime":417.433,"endTime":418.293,"body":"Great question, Tom."},{"speaker":"Julia Souder","startTime":418.293,"endTime":421.893,"body":"And I think this is really important"},{"speaker":"Julia Souder","startTime":418.293,"endTime":421.893,"body":"to capture because there is"},{"speaker":"Julia Souder","startTime":421.893,"endTime":424.263,"body":"now a solution, and it actually"},{"speaker":"Julia Souder","startTime":421.893,"endTime":424.263,"body":"has been around for a while."},{"speaker":"Julia Souder","startTime":424.263,"endTime":426.633,"body":"We just need to scale it up and"},{"speaker":"Julia Souder","startTime":424.263,"endTime":426.633,"body":"get it more in the marketplace."},{"speaker":"Julia Souder","startTime":427.053,"endTime":430.413,"body":"The diverse elements of long duration"},{"speaker":"Julia Souder","startTime":427.053,"endTime":430.413,"body":"energy stores that can charge up"},{"speaker":"Julia Souder","startTime":430.413,"endTime":434.103,"body":"when you have the wind and the"},{"speaker":"Julia Souder","startTime":430.413,"endTime":434.103,"body":"solar, and then hold it for days"},{"speaker":"Julia Souder","startTime":434.103,"endTime":437.503,"body":"when you have these emergencies that"},{"speaker":"Julia Souder","startTime":434.103,"endTime":437.503,"body":"they're not becoming our daily lives."},{"speaker":"Julia Souder","startTime":437.953,"endTime":441.083,"body":"So you can capture and"},{"speaker":"Julia Souder","startTime":437.953,"endTime":441.083,"body":"hold for a week longer."},{"speaker":"Julia Souder","startTime":441.143,"endTime":442.443,"body":"You know, this clean energy you have."},{"speaker":"Julia Souder","startTime":442.443,"endTime":445.403,"body":"And when you get called upon to"},{"speaker":"Julia Souder","startTime":442.443,"endTime":445.403,"body":"use it, it's available to you."},{"speaker":"Julia Souder","startTime":445.623,"endTime":448.813,"body":"So if you have a winter storm, and"},{"speaker":"Julia Souder","startTime":445.623,"endTime":448.813,"body":"the ice has closed down your peacker"},{"speaker":"Julia Souder","startTime":448.833,"endTime":452.233,"body":"plants, long duration energy storage"},{"speaker":"Julia Souder","startTime":448.833,"endTime":452.233,"body":"can replace gas plants and provide that"},{"speaker":"Julia Souder","startTime":452.233,"endTime":455.363,"body":"service for you, both in the heat and"},{"speaker":"Julia Souder","startTime":452.233,"endTime":455.363,"body":"power, depending which type you have."},{"speaker":"Julia Souder","startTime":455.363,"endTime":458.393,"body":"I think the other thing, too,"},{"speaker":"Julia Souder","startTime":455.363,"endTime":458.393,"body":"is really important is that, you"},{"speaker":"Julia Souder","startTime":458.393,"endTime":461.563,"body":"know, we've had pumped storage"},{"speaker":"Julia Souder","startTime":458.393,"endTime":461.563,"body":"available in the marketplace and"},{"speaker":"Julia Souder","startTime":461.573,"endTime":463.343,"body":"many types and compressed air."},{"speaker":"Julia Souder","startTime":463.838,"endTime":466.418,"body":"But they're not called upon because"},{"speaker":"Julia Souder","startTime":463.838,"endTime":466.418,"body":"not all of the different components"},{"speaker":"Julia Souder","startTime":466.418,"endTime":469.718,"body":"of the market call out the benefits"},{"speaker":"Julia Souder","startTime":466.418,"endTime":469.718,"body":"of long duration energy storage."},{"speaker":"Julia Souder","startTime":470.028,"endTime":474.258,"body":"So if we can create stronger market"},{"speaker":"Julia Souder","startTime":470.028,"endTime":474.258,"body":"signals to have LDES show up, you know,"},{"speaker":"Julia Souder","startTime":474.258,"endTime":479.058,"body":"to be able to prepare for the next"},{"speaker":"Julia Souder","startTime":474.258,"endTime":479.058,"body":"week's, you know, multiple rainstorm and"},{"speaker":"Julia Souder","startTime":479.298,"endTime":484.388,"body":"the next week's, you know, heat storm"},{"speaker":"Julia Souder","startTime":479.298,"endTime":484.388,"body":"or freeze, then that has the preparation"},{"speaker":"Julia Souder","startTime":484.388,"endTime":488.148,"body":"for LDES to be prepared and provide the"},{"speaker":"Julia Souder","startTime":484.388,"endTime":488.148,"body":"services for weeks and months on end."},{"speaker":"Julia Souder","startTime":488.178,"endTime":491.933,"body":"And so we're looking at really"},{"speaker":"Julia Souder","startTime":488.178,"endTime":491.933,"body":"showing that the inertia that can"},{"speaker":"Julia Souder","startTime":491.933,"endTime":495.143,"body":"be provided by long duration energy"},{"speaker":"Julia Souder","startTime":491.933,"endTime":495.143,"body":"storage the black start capability"},{"speaker":"Julia Souder","startTime":495.223,"endTime":496.863,"body":"called up an emergency notice."},{"speaker":"Julia Souder","startTime":497.708,"endTime":500.788,"body":"The load following all these different"},{"speaker":"Julia Souder","startTime":497.708,"endTime":500.788,"body":"elements that grid operators and"},{"speaker":"Julia Souder","startTime":500.788,"endTime":505.058,"body":"distribution operators need can be"},{"speaker":"Julia Souder","startTime":500.788,"endTime":505.058,"body":"provided by long duration energy storage."},{"speaker":"Julia Souder","startTime":505.068,"endTime":508.328,"body":"And so, yes, it's an available service"},{"speaker":"Julia Souder","startTime":505.068,"endTime":508.328,"body":"that, you know, it does have its"},{"speaker":"Julia Souder","startTime":508.328,"endTime":512.268,"body":"efficiency, you know, and that can be"},{"speaker":"Julia Souder","startTime":508.328,"endTime":512.268,"body":"ready there to be called upon when needed."},{"speaker":"Tom Raftery","startTime":513.638,"endTime":520.178,"body":"Okay, I'm curious, what"},{"speaker":"Tom Raftery","startTime":513.638,"endTime":520.178,"body":"are the challenges to the rollout"},{"speaker":"Tom Raftery","startTime":520.198,"endTime":521.938,"body":"of long duration energy storage?"},{"speaker":"Tom Raftery","startTime":521.958,"endTime":524.663,"body":"Is it economic challenges?"},{"speaker":"Tom Raftery","startTime":524.963,"endTime":527.213,"body":"Is it regulatory challenges?"},{"speaker":"Tom Raftery","startTime":527.603,"endTime":530.423,"body":"Is it technological challenges?"},{"speaker":"Tom Raftery","startTime":530.723,"endTime":532.703,"body":"Is it all of the above?"},{"speaker":"Tom Raftery","startTime":533.493,"endTime":533.713,"body":"Yes."},{"speaker":"Tom Raftery","startTime":535.573,"endTime":536.473,"body":"Or something else entirely."},{"speaker":"Julia Souder","startTime":538.513,"endTime":542.353,"body":"It's a, i I definitely think"},{"speaker":"Julia Souder","startTime":538.513,"endTime":542.353,"body":"it's the fruit basket of all of the above."},{"speaker":"Julia Souder","startTime":542.379,"endTime":546.599,"body":"You know, I think one of the biggest"},{"speaker":"Julia Souder","startTime":542.379,"endTime":546.599,"body":"misnomers is that long duration energy"},{"speaker":"Julia Souder","startTime":546.599,"endTime":548.479,"body":"storage is, is 10, 20 years out?"},{"speaker":"Julia Souder","startTime":548.659,"endTime":549.889,"body":"No, it's, it's here today."},{"speaker":"Julia Souder","startTime":549.889,"endTime":553.809,"body":"There are projects around the world that"},{"speaker":"Julia Souder","startTime":549.889,"endTime":553.809,"body":"have been in existence for, for years."},{"speaker":"Julia Souder","startTime":554.144,"endTime":557.844,"body":"And have provided data to the"},{"speaker":"Julia Souder","startTime":554.144,"endTime":557.844,"body":"customers and showed this reliable"},{"speaker":"Julia Souder","startTime":557.844,"endTime":561.524,"body":"service, whether it is a small scale"},{"speaker":"Julia Souder","startTime":557.844,"endTime":561.524,"body":"or large scale long duration energy"},{"speaker":"Julia Souder","startTime":561.544,"endTime":562.694,"body":"storage is in the marketplace."},{"speaker":"Julia Souder","startTime":562.704,"endTime":565.724,"body":"And I think this is one thing that"},{"speaker":"Julia Souder","startTime":562.704,"endTime":565.724,"body":"the council has been doing with our"},{"speaker":"Julia Souder","startTime":565.724,"endTime":569.114,"body":"entire ecosystem, providing this data"},{"speaker":"Julia Souder","startTime":565.724,"endTime":569.114,"body":"and this knowledge because we're not"},{"speaker":"Julia Souder","startTime":569.114,"endTime":572.624,"body":"just the diverse technology providers"},{"speaker":"Julia Souder","startTime":569.114,"endTime":572.624,"body":"of long duration energy storage."},{"speaker":"Julia Souder","startTime":572.964,"endTime":577.644,"body":"But we're also the ecosystem of equipment"},{"speaker":"Julia Souder","startTime":572.964,"endTime":577.644,"body":"manufacturers, financiers, customers,"},{"speaker":"Julia Souder","startTime":577.644,"endTime":582.384,"body":"developers, all working together to"},{"speaker":"Julia Souder","startTime":577.644,"endTime":582.384,"body":"really highlight the essential need"},{"speaker":"Julia Souder","startTime":582.404,"endTime":583.654,"body":"of long duration energy storage."},{"speaker":"Julia Souder","startTime":583.849,"endTime":587.479,"body":"Some of the barriers that we're"},{"speaker":"Julia Souder","startTime":583.849,"endTime":587.479,"body":"really coming up to are, always"},{"speaker":"Julia Souder","startTime":587.479,"endTime":590.729,"body":"improving education awareness,"},{"speaker":"Julia Souder","startTime":587.479,"endTime":590.729,"body":"but also changing policies around"},{"speaker":"Julia Souder","startTime":590.729,"endTime":591.989,"body":"the world for the marketplace."},{"speaker":"Julia Souder","startTime":592.029,"endTime":596.749,"body":"It's been really thrilling to see the"},{"speaker":"Julia Souder","startTime":592.029,"endTime":596.749,"body":"motivation and the momentum behind the"},{"speaker":"Julia Souder","startTime":596.749,"endTime":603.709,"body":"policymakers and regulators in European"},{"speaker":"Julia Souder","startTime":596.749,"endTime":603.709,"body":"Union, UK, Australia, Canada, India,"},{"speaker":"Julia Souder","startTime":603.749,"endTime":608.139,"body":"United States, all in the last few years,"},{"speaker":"Julia Souder","startTime":603.749,"endTime":608.139,"body":"start changing the portfolio of what is"},{"speaker":"Julia Souder","startTime":608.139,"endTime":610.679,"body":"needed to meet our net zero goal targets."},{"speaker":"Julia Souder","startTime":610.689,"endTime":614.929,"body":"And so this is something that we've been"},{"speaker":"Julia Souder","startTime":610.689,"endTime":614.929,"body":"really promoting and amplifying that the"},{"speaker":"Julia Souder","startTime":614.939,"endTime":618.329,"body":"policy changes that really create this 4"},{"speaker":"Julia Souder","startTime":614.939,"endTime":618.329,"body":"trillion market are starting to happen."},{"speaker":"Julia Souder","startTime":618.569,"endTime":621.599,"body":"We just need to make sure they call out"},{"speaker":"Julia Souder","startTime":618.569,"endTime":621.599,"body":"all the additional benefits of what long"},{"speaker":"Julia Souder","startTime":621.599,"endTime":622.899,"body":"duration energy storage can provide."},{"speaker":"Tom Raftery","startTime":624.029,"endTime":624.459,"body":"Okay."},{"speaker":"Tom Raftery","startTime":625.229,"endTime":632.969,"body":"And in terms of best practices, who's"},{"speaker":"Tom Raftery","startTime":625.229,"endTime":632.969,"body":"doing a really good job and who are"},{"speaker":"Tom Raftery","startTime":632.969,"endTime":635.049,"body":"the laggards who could be doing better?"},{"speaker":"Tom Raftery","startTime":635.809,"endTime":639.479,"body":"Well, you know, what, what, what"},{"speaker":"Tom Raftery","startTime":635.809,"endTime":639.479,"body":"do you think is, is, is Yeah."},{"speaker":"Tom Raftery","startTime":639.479,"endTime":640.719,"body":"Who do you think is doing a good job?"},{"speaker":"Julia Souder","startTime":643.589,"endTime":646.939,"body":"As I've been traveling"},{"speaker":"Julia Souder","startTime":643.589,"endTime":646.939,"body":"and attending various meetings"},{"speaker":"Julia Souder","startTime":647.159,"endTime":650.859,"body":"around the globe, it's been really"},{"speaker":"Julia Souder","startTime":647.159,"endTime":650.859,"body":"satisfying to see that there's a"},{"speaker":"Julia Souder","startTime":650.859,"endTime":653.379,"body":"lot of conversation, acknowledgement"},{"speaker":"Julia Souder","startTime":650.859,"endTime":653.379,"body":"of long duration energy storage."},{"speaker":"Julia Souder","startTime":654.089,"endTime":657.979,"body":"The market structures that we're seeing"},{"speaker":"Julia Souder","startTime":654.089,"endTime":657.979,"body":"where certain countries like Australia"},{"speaker":"Julia Souder","startTime":658.019,"endTime":662.659,"body":"pulls out and signals, we want a set"},{"speaker":"Julia Souder","startTime":658.019,"endTime":662.659,"body":"target of almost 10 gigawatts of long"},{"speaker":"Julia Souder","startTime":662.659,"endTime":666.009,"body":"duration energy storage is a very"},{"speaker":"Julia Souder","startTime":662.659,"endTime":666.009,"body":"strong market signal that we're seeing."},{"speaker":"Julia Souder","startTime":666.009,"endTime":668.229,"body":"In the United States many states"},{"speaker":"Julia Souder","startTime":666.009,"endTime":668.229,"body":"have done this in particular."},{"speaker":"Julia Souder","startTime":668.779,"endTime":669.889,"body":"California, New York."},{"speaker":"Julia Souder","startTime":669.959,"endTime":670.999,"body":"We hope to see many more."},{"speaker":"Julia Souder","startTime":671.509,"endTime":675.449,"body":"Canada is building on the"},{"speaker":"Julia Souder","startTime":671.509,"endTime":675.449,"body":"momentum of the EU and the U."},{"speaker":"Julia Souder","startTime":675.449,"endTime":675.759,"body":"S."},{"speaker":"Julia Souder","startTime":675.789,"endTime":679.459,"body":"with also creating incentives"},{"speaker":"Julia Souder","startTime":675.789,"endTime":679.459,"body":"for storage as a standalone."},{"speaker":"Julia Souder","startTime":679.899,"endTime":683.189,"body":"So you these, you know, the different"},{"speaker":"Julia Souder","startTime":679.899,"endTime":683.189,"body":"tools in the toolkit, the public private"},{"speaker":"Julia Souder","startTime":683.189,"endTime":687.394,"body":"partnerships, the billions of dollars"},{"speaker":"Julia Souder","startTime":683.189,"endTime":687.394,"body":"that are being matched by the government"},{"speaker":"Julia Souder","startTime":687.444,"endTime":691.624,"body":"to the private sector to really scale up"},{"speaker":"Julia Souder","startTime":687.444,"endTime":691.624,"body":"these products has also been successful."},{"speaker":"Julia Souder","startTime":691.674,"endTime":694.014,"body":"In the Philippines there"},{"speaker":"Julia Souder","startTime":691.674,"endTime":694.014,"body":"are four different markets"},{"speaker":"Julia Souder","startTime":694.014,"endTime":695.474,"body":"that LDES can enter into."},{"speaker":"Julia Souder","startTime":695.514,"endTime":698.474,"body":"It's not confined to a bilateral."},{"speaker":"Julia Souder","startTime":698.524,"endTime":702.534,"body":"There's optionality for real"},{"speaker":"Julia Souder","startTime":698.524,"endTime":702.534,"body":"time grid operations or also"},{"speaker":"Julia Souder","startTime":702.754,"endTime":703.964,"body":"the ancillary service market."},{"speaker":"Julia Souder","startTime":704.439,"endTime":707.799,"body":"So and we're seeing the ongoing"},{"speaker":"Julia Souder","startTime":704.439,"endTime":707.799,"body":"conversations in Europe really push"},{"speaker":"Julia Souder","startTime":707.799,"endTime":711.849,"body":"forward the role for storage, highlighting"},{"speaker":"Julia Souder","startTime":707.799,"endTime":711.849,"body":"long duration energy storage and really"},{"speaker":"Julia Souder","startTime":711.899,"endTime":716.249,"body":"noting the toolkit can also include these"},{"speaker":"Julia Souder","startTime":711.899,"endTime":716.249,"body":"24 7 clean power purchase agreements."},{"speaker":"Julia Souder","startTime":716.809,"endTime":721.749,"body":"So that you really need again this this"},{"speaker":"Julia Souder","startTime":716.809,"endTime":721.749,"body":"entire fruit choice in this basket to"},{"speaker":"Julia Souder","startTime":721.749,"endTime":725.769,"body":"really pull forward to make sure that we"},{"speaker":"Julia Souder","startTime":721.749,"endTime":725.769,"body":"have the diversity, and the optionality,"},{"speaker":"Julia Souder","startTime":725.839,"endTime":730.249,"body":"but also the support mechanisms to"},{"speaker":"Julia Souder","startTime":725.839,"endTime":730.249,"body":"give that security to the marketplace."},{"speaker":"Julia Souder","startTime":730.409,"endTime":732.859,"body":"And we are working together"},{"speaker":"Julia Souder","startTime":730.409,"endTime":732.859,"body":"to de risk the transition."},{"speaker":"Julia Souder","startTime":733.199,"endTime":737.139,"body":"And what's gratifying to see is, you know,"},{"speaker":"Julia Souder","startTime":733.199,"endTime":737.139,"body":"the billions of dollars in investment in"},{"speaker":"Julia Souder","startTime":737.139,"endTime":739.919,"body":"long duration energy storage, but also"},{"speaker":"Julia Souder","startTime":737.139,"endTime":739.919,"body":"the policies are coming to fruition."},{"speaker":"Julia Souder","startTime":740.299,"endTime":743.579,"body":"And now so many of the traditional"},{"speaker":"Julia Souder","startTime":740.299,"endTime":743.579,"body":"customers are asking questions and"},{"speaker":"Julia Souder","startTime":743.579,"endTime":747.784,"body":"starting to really get excited about the"},{"speaker":"Julia Souder","startTime":743.579,"endTime":747.784,"body":"next marketplace for LDES, which is today."},{"speaker":"Tom Raftery","startTime":748.704,"endTime":749.074,"body":"Okay."},{"speaker":"Tom Raftery","startTime":749.594,"endTime":756.094,"body":"And in terms of the LDES"},{"speaker":"Tom Raftery","startTime":749.594,"endTime":756.094,"body":"Council, who are your membership?"},{"speaker":"Tom Raftery","startTime":756.134,"endTime":758.244,"body":"Are they utility companies?"},{"speaker":"Tom Raftery","startTime":758.264,"endTime":761.484,"body":"Are they energy storage companies?"},{"speaker":"Tom Raftery","startTime":761.514,"endTime":763.254,"body":"Are they technology companies?"},{"speaker":"Tom Raftery","startTime":763.284,"endTime":765.794,"body":"Are they governmental organizations?"},{"speaker":"Tom Raftery","startTime":765.814,"endTime":768.454,"body":"Are they, again, the whole"},{"speaker":"Tom Raftery","startTime":765.814,"endTime":768.454,"body":"fruit basket, all of the above?"},{"speaker":"Tom Raftery","startTime":769.184,"endTime":769.694,"body":"You know what?"},{"speaker":"Tom Raftery","startTime":769.944,"endTime":771.244,"body":"And who?"},{"speaker":"Tom Raftery","startTime":771.304,"endTime":771.514,"body":"Who?"},{"speaker":"Tom Raftery","startTime":771.514,"endTime":772.564,"body":"Who are your stakeholders?"},{"speaker":"Tom Raftery","startTime":772.564,"endTime":773.304,"body":"I guess even more."},{"speaker":"Tom Raftery","startTime":773.304,"endTime":776.644,"body":"So who are you talking"},{"speaker":"Tom Raftery","startTime":773.304,"endTime":776.644,"body":"to to make this change?"},{"speaker":"Julia Souder","startTime":778.251,"endTime":783.281,"body":"The council is really"},{"speaker":"Julia Souder","startTime":778.251,"endTime":783.281,"body":"promoting the value out of the ecosystem."},{"speaker":"Julia Souder","startTime":783.621,"endTime":788.711,"body":"You know, long durationary storage affects"},{"speaker":"Julia Souder","startTime":783.621,"endTime":788.711,"body":"every part of our industrial sectors, our"},{"speaker":"Julia Souder","startTime":788.731,"endTime":793.061,"body":"residential, our transportation, our, our"},{"speaker":"Julia Souder","startTime":788.731,"endTime":793.061,"body":"local communities, hospitals, buildings."},{"speaker":"Julia Souder","startTime":793.621,"endTime":796.751,"body":"There are so many different venues that"},{"speaker":"Julia Souder","startTime":793.621,"endTime":796.751,"body":"really data centers that really need"},{"speaker":"Julia Souder","startTime":796.751,"endTime":798.541,"body":"LDES to make this transition happen."},{"speaker":"Julia Souder","startTime":799.016,"endTime":802.266,"body":"And so we've been working with"},{"speaker":"Julia Souder","startTime":799.016,"endTime":802.266,"body":"the technology companies that"},{"speaker":"Julia Souder","startTime":802.266,"endTime":805.096,"body":"have been promoting LDES and"},{"speaker":"Julia Souder","startTime":802.266,"endTime":805.096,"body":"working on this for decades."},{"speaker":"Julia Souder","startTime":805.416,"endTime":809.126,"body":"But also we have companies that have"},{"speaker":"Julia Souder","startTime":805.416,"endTime":809.126,"body":"come in that are newly started that are"},{"speaker":"Julia Souder","startTime":809.126,"endTime":814.026,"body":"just starting to get into, you know, the"},{"speaker":"Julia Souder","startTime":809.126,"endTime":814.026,"body":"various TRL stages from 34 up to nine."},{"speaker":"Julia Souder","startTime":814.036,"endTime":817.626,"body":"And so those shared lessons learned"},{"speaker":"Julia Souder","startTime":814.036,"endTime":817.626,"body":"in collaboration are really something"},{"speaker":"Julia Souder","startTime":817.636,"endTime":821.306,"body":"that the council promotes to"},{"speaker":"Julia Souder","startTime":817.636,"endTime":821.306,"body":"expand this 4 trillion marketplace."},{"speaker":"Julia Souder","startTime":821.306,"endTime":826.226,"body":"So we're getting the shared expertise"},{"speaker":"Julia Souder","startTime":821.306,"endTime":826.226,"body":"of thermal energy storage companies,"},{"speaker":"Julia Souder","startTime":826.256,"endTime":830.126,"body":"of mechanical energy storage companies,"},{"speaker":"Julia Souder","startTime":826.256,"endTime":830.126,"body":"of the electrochemical energy storage"},{"speaker":"Julia Souder","startTime":830.126,"endTime":833.646,"body":"companies, you know, even the diversity"},{"speaker":"Julia Souder","startTime":830.126,"endTime":833.646,"body":"of the different types of flow"},{"speaker":"Julia Souder","startTime":833.646,"endTime":836.756,"body":"batteries working together, whether"},{"speaker":"Julia Souder","startTime":833.646,"endTime":836.756,"body":"you know, the iron, the vanadium,"},{"speaker":"Julia Souder","startTime":837.046,"endTime":842.576,"body":"the zinc, the magnesium, the calcium,"},{"speaker":"Julia Souder","startTime":837.046,"endTime":842.576,"body":"there's so many types of storage,"},{"speaker":"Julia Souder","startTime":842.576,"endTime":845.856,"body":"but sharing the insights and lessons"},{"speaker":"Julia Souder","startTime":842.576,"endTime":845.856,"body":"learned to really help push us forward."},{"speaker":"Julia Souder","startTime":846.276,"endTime":848.946,"body":"And then also the, you know, the"},{"speaker":"Julia Souder","startTime":846.276,"endTime":848.946,"body":"chemical with hydrogen and the"},{"speaker":"Julia Souder","startTime":849.196,"endTime":851.036,"body":"parallel process for hydrogen's hype."},{"speaker":"Julia Souder","startTime":851.716,"endTime":853.456,"body":"And now the next rule is LDES hype."},{"speaker":"Julia Souder","startTime":854.051,"endTime":857.441,"body":"But we also, as I mentioned earlier,"},{"speaker":"Julia Souder","startTime":854.051,"endTime":857.441,"body":"have the financiers, those who want to"},{"speaker":"Julia Souder","startTime":857.441,"endTime":860.321,"body":"help fund the projects, those who want"},{"speaker":"Julia Souder","startTime":857.441,"endTime":860.321,"body":"to invest and really see the success."},{"speaker":"Julia Souder","startTime":860.916,"endTime":863.036,"body":"We have the equipment manufacturers"},{"speaker":"Julia Souder","startTime":860.916,"endTime":863.036,"body":"knowing that there's a huge"},{"speaker":"Julia Souder","startTime":863.036,"endTime":865.116,"body":"opportunity here to really build upon."},{"speaker":"Julia Souder","startTime":865.126,"endTime":870.466,"body":"We've also got the customers and"},{"speaker":"Julia Souder","startTime":865.126,"endTime":870.466,"body":"developers and some utilities that"},{"speaker":"Julia Souder","startTime":870.466,"endTime":874.636,"body":"are really trying to understand that"},{"speaker":"Julia Souder","startTime":870.466,"endTime":874.636,"body":"the various benefits, strategies"},{"speaker":"Julia Souder","startTime":874.636,"endTime":877.636,"body":"and push forward this, this whole"},{"speaker":"Julia Souder","startTime":874.636,"endTime":877.636,"body":"platform of what we're trying to"},{"speaker":"Julia Souder","startTime":877.836,"endTime":880.206,"body":"achieve as a, as a collaborative group."},{"speaker":"Julia Souder","startTime":880.306,"endTime":883.256,"body":"And so what's also thrilling is you"},{"speaker":"Julia Souder","startTime":880.306,"endTime":883.256,"body":"mentioned different stakeholders."},{"speaker":"Julia Souder","startTime":883.976,"endTime":887.246,"body":"We have over 30 MOUs with various"},{"speaker":"Julia Souder","startTime":883.976,"endTime":887.246,"body":"trade associations around the world."},{"speaker":"Julia Souder","startTime":887.246,"endTime":891.501,"body":"So energy storage, wind, groups,"},{"speaker":"Julia Souder","startTime":887.246,"endTime":891.501,"body":"working on shared policies, really"},{"speaker":"Julia Souder","startTime":891.501,"endTime":895.031,"body":"trying to be effective and efficient"},{"speaker":"Julia Souder","startTime":891.501,"endTime":895.031,"body":"because 2030 goals are less than seven"},{"speaker":"Julia Souder","startTime":895.031,"endTime":899.181,"body":"years away and working together really"},{"speaker":"Julia Souder","startTime":895.031,"endTime":899.181,"body":"helps us achieve our targets faster."},{"speaker":"Julia Souder","startTime":899.741,"endTime":903.021,"body":"In addition to many different trade"},{"speaker":"Julia Souder","startTime":899.741,"endTime":903.021,"body":"associations, we've also been working"},{"speaker":"Julia Souder","startTime":903.021,"endTime":906.511,"body":"with the World Bank on public private"},{"speaker":"Julia Souder","startTime":903.021,"endTime":906.511,"body":"partnerships, pilots in the global"},{"speaker":"Julia Souder","startTime":906.521,"endTime":910.051,"body":"south, really again, promoting the"},{"speaker":"Julia Souder","startTime":906.521,"endTime":910.051,"body":"value add and diversity of LDES."},{"speaker":"Julia Souder","startTime":910.241,"endTime":914.276,"body":"We've been working with various"},{"speaker":"Julia Souder","startTime":910.241,"endTime":914.276,"body":"governments about sharing data and"},{"speaker":"Julia Souder","startTime":914.276,"endTime":918.916,"body":"national labs about collaborations on"},{"speaker":"Julia Souder","startTime":914.276,"endTime":918.916,"body":"pilots and again, getting information"},{"speaker":"Julia Souder","startTime":918.916,"endTime":922.806,"body":"out there so that we are really"},{"speaker":"Julia Souder","startTime":918.916,"endTime":922.806,"body":"expanding the knowledge base of the"},{"speaker":"Julia Souder","startTime":923.076,"endTime":926.566,"body":"tremendous value of long duration energy"},{"speaker":"Julia Souder","startTime":923.076,"endTime":926.566,"body":"storage to meet our global targets."},{"speaker":"Julia Souder","startTime":927.006,"endTime":931.086,"body":"And we've also helped initiate"},{"speaker":"Julia Souder","startTime":927.006,"endTime":931.086,"body":"the Global Renewables Alliance."},{"speaker":"Julia Souder","startTime":931.596,"endTime":935.796,"body":"It is a brand new organization that"},{"speaker":"Julia Souder","startTime":931.596,"endTime":935.796,"body":"was launched at COP 27 where you"},{"speaker":"Julia Souder","startTime":935.796,"endTime":940.396,"body":"bring together the global wind, global"},{"speaker":"Julia Souder","startTime":935.796,"endTime":940.396,"body":"solar, global hydropower, global"},{"speaker":"Julia Souder","startTime":940.676,"endTime":944.576,"body":"geothermal, global green hydrogen and"},{"speaker":"Julia Souder","startTime":940.676,"endTime":944.576,"body":"global long duration energy storage."},{"speaker":"Julia Souder","startTime":944.886,"endTime":948.106,"body":"So the six organizations that pull"},{"speaker":"Julia Souder","startTime":944.886,"endTime":948.106,"body":"together the clean energy industry"},{"speaker":"Julia Souder","startTime":948.696,"endTime":952.256,"body":"are now working collaboratively on"},{"speaker":"Julia Souder","startTime":948.696,"endTime":952.256,"body":"coordinating planning, on just and"},{"speaker":"Julia Souder","startTime":952.256,"endTime":957.536,"body":"equitable transition, on marketplaces,"},{"speaker":"Julia Souder","startTime":952.256,"endTime":957.536,"body":"and on 24 7 carbon free energy."},{"speaker":"Julia Souder","startTime":957.576,"endTime":962.116,"body":"And so this coordination efficiency"},{"speaker":"Julia Souder","startTime":957.576,"endTime":962.116,"body":"and this kind of network of, you know,"},{"speaker":"Julia Souder","startTime":962.116,"endTime":967.966,"body":"bilateral and, and multilateral operations"},{"speaker":"Julia Souder","startTime":962.116,"endTime":967.966,"body":"is also a wonderful opportunity for"},{"speaker":"Julia Souder","startTime":967.966,"endTime":972.181,"body":"us to bring in diverse stakeholders"},{"speaker":"Julia Souder","startTime":967.966,"endTime":972.181,"body":"to push forward these policies to"},{"speaker":"Julia Souder","startTime":972.181,"endTime":973.551,"body":"meet our global net zero targets."},{"speaker":"Tom Raftery","startTime":975.071,"endTime":975.731,"body":"Okay, great."},{"speaker":"Tom Raftery","startTime":976.681,"endTime":981.891,"body":"I was listening to a, I think it was a"},{"speaker":"Tom Raftery","startTime":976.681,"endTime":981.891,"body":"BBC podcast yesterday where they were"},{"speaker":"Tom Raftery","startTime":981.891,"endTime":990.891,"body":"talking about the challenges are in the"},{"speaker":"Tom Raftery","startTime":981.891,"endTime":990.891,"body":"global south for projects to receive,"},{"speaker":"Tom Raftery","startTime":991.301,"endTime":996.806,"body":"not to receive, but the challenges to"},{"speaker":"Tom Raftery","startTime":991.301,"endTime":996.806,"body":"roll out clean energy projects because of"},{"speaker":"Tom Raftery","startTime":996.806,"endTime":1002.056,"body":"the cost of capital and there was a, the"},{"speaker":"Tom Raftery","startTime":996.806,"endTime":1002.056,"body":"reason this was being reported was because"},{"speaker":"Tom Raftery","startTime":1002.086,"endTime":1008.166,"body":"there was an initiative proposed by, I"},{"speaker":"Tom Raftery","startTime":1002.086,"endTime":1008.166,"body":"think was a minister from Barbados talking"},{"speaker":"Tom Raftery","startTime":1008.186,"endTime":1016.496,"body":"about how someone like the IMF should"},{"speaker":"Tom Raftery","startTime":1008.186,"endTime":1016.496,"body":"step in and give funding or guarantee,"},{"speaker":"Tom Raftery","startTime":1016.546,"endTime":1021.606,"body":"that's what it was guarantee the funding"},{"speaker":"Tom Raftery","startTime":1016.546,"endTime":1021.606,"body":"for clean energy projects to de risk them"},{"speaker":"Tom Raftery","startTime":1021.896,"endTime":1025.296,"body":"and therefore reduce the cost of capital."},{"speaker":"Tom Raftery","startTime":1026.126,"endTime":1029.886,"body":"So it seemed from what the BBC"},{"speaker":"Tom Raftery","startTime":1026.126,"endTime":1029.886,"body":"report was saying that this might"},{"speaker":"Tom Raftery","startTime":1029.886,"endTime":1035.106,"body":"actually get some legs and free up"},{"speaker":"Tom Raftery","startTime":1029.886,"endTime":1035.106,"body":"hundreds of billions of dollars or"},{"speaker":"Tom Raftery","startTime":1035.116,"endTime":1036.676,"body":"euros for these kind of projects."},{"speaker":"Tom Raftery","startTime":1036.676,"endTime":1041.431,"body":"So I'm guessing that would, I mean,"},{"speaker":"Tom Raftery","startTime":1036.676,"endTime":1041.431,"body":"it's the Global South where we really"},{"speaker":"Tom Raftery","startTime":1041.431,"endTime":1044.521,"body":"need to be rolling it up, rolling out"},{"speaker":"Tom Raftery","startTime":1041.431,"endTime":1044.521,"body":"a lot of these initiatives, right?"},{"speaker":"Julia Souder","startTime":1045.738,"endTime":1046.838,"body":"Yes, very much so."},{"speaker":"Julia Souder","startTime":1046.838,"endTime":1051.558,"body":"And just in the past six months, the"},{"speaker":"Julia Souder","startTime":1046.838,"endTime":1051.558,"body":"dialogue has completely shifted over"},{"speaker":"Julia Souder","startTime":1051.558,"endTime":1055.228,"body":"how to finance clean energy projects"},{"speaker":"Julia Souder","startTime":1051.558,"endTime":1055.228,"body":"and the role that long duration"},{"speaker":"Julia Souder","startTime":1055.228,"endTime":1059.618,"body":"energy storage comes in to make sure"},{"speaker":"Julia Souder","startTime":1055.228,"endTime":1059.618,"body":"you have that portfolio of the 24 7."},{"speaker":"Julia Souder","startTime":1059.658,"endTime":1063.188,"body":"It's also making sure that island"},{"speaker":"Julia Souder","startTime":1059.658,"endTime":1063.188,"body":"nations around the world you know,"},{"speaker":"Julia Souder","startTime":1063.228,"endTime":1066.418,"body":"are working not only with the World"},{"speaker":"Julia Souder","startTime":1063.228,"endTime":1066.418,"body":"Bank, but the Asia Development Bank,"},{"speaker":"Julia Souder","startTime":1066.418,"endTime":1068.828,"body":"the Caribbean Development Bank, the"},{"speaker":"Julia Souder","startTime":1066.418,"endTime":1068.828,"body":"African Development Bank, all of these"},{"speaker":"Julia Souder","startTime":1068.828,"endTime":1072.818,"body":"new banks are creating new criteria and"},{"speaker":"Julia Souder","startTime":1068.828,"endTime":1072.818,"body":"long duration energy storage is becoming"},{"speaker":"Julia Souder","startTime":1073.088,"endTime":1077.198,"body":"a part of making sure that costs can"},{"speaker":"Julia Souder","startTime":1073.088,"endTime":1077.198,"body":"be lowered using efficient systems and"},{"speaker":"Julia Souder","startTime":1077.198,"endTime":1081.068,"body":"some leapfrogging just to completely"},{"speaker":"Julia Souder","startTime":1077.198,"endTime":1081.068,"body":"push to a whole new mechanism that works"},{"speaker":"Julia Souder","startTime":1081.068,"endTime":1082.868,"body":"for the local economy is going forward."},{"speaker":"Julia Souder","startTime":1082.898,"endTime":1085.248,"body":"So it's thrilling to see more investment."},{"speaker":"Julia Souder","startTime":1085.248,"endTime":1087.098,"body":"I think now we just need"},{"speaker":"Julia Souder","startTime":1085.248,"endTime":1087.098,"body":"the actual implementation."},{"speaker":"Julia Souder","startTime":1087.383,"endTime":1089.593,"body":"And the partnerships"},{"speaker":"Julia Souder","startTime":1087.383,"endTime":1089.593,"body":"to be held accountable."},{"speaker":"Julia Souder","startTime":1089.593,"endTime":1092.773,"body":"So we look forward to working with"},{"speaker":"Julia Souder","startTime":1089.593,"endTime":1092.773,"body":"the various development banks, various"},{"speaker":"Julia Souder","startTime":1093.443,"endTime":1096.413,"body":"traditional banks, various financial"},{"speaker":"Julia Souder","startTime":1093.443,"endTime":1096.413,"body":"organizations to make sure that the right"},{"speaker":"Julia Souder","startTime":1096.413,"endTime":1100.533,"body":"contracts are in place to really build the"},{"speaker":"Julia Souder","startTime":1096.413,"endTime":1100.533,"body":"new clean energy infrastructure needed."},{"speaker":"Tom Raftery","startTime":1101.653,"endTime":1101.993,"body":"Okay, great."},{"speaker":"Tom Raftery","startTime":1102.793,"endTime":1107.343,"body":"Getting back to that trope I mentioned"},{"speaker":"Tom Raftery","startTime":1102.793,"endTime":1107.343,"body":"earlier about the sun not always"},{"speaker":"Tom Raftery","startTime":1107.343,"endTime":1109.323,"body":"shining and the wind not always blowing."},{"speaker":"Tom Raftery","startTime":1110.453,"endTime":1116.803,"body":"One answer that I posit for that"},{"speaker":"Tom Raftery","startTime":1110.453,"endTime":1116.803,"body":"is interconnectivity because in"},{"speaker":"Tom Raftery","startTime":1116.803,"endTime":1121.263,"body":"fact the sun is always shining"},{"speaker":"Tom Raftery","startTime":1116.803,"endTime":1121.263,"body":"and the wind is always blowing."},{"speaker":"Tom Raftery","startTime":1121.628,"endTime":1122.358,"body":"Somewhere."},{"speaker":"Tom Raftery","startTime":1122.728,"endTime":1124.918,"body":"It's just a question of getting"},{"speaker":"Tom Raftery","startTime":1122.728,"endTime":1124.918,"body":"the energy from where it's being"},{"speaker":"Tom Raftery","startTime":1124.918,"endTime":1126.708,"body":"generated to where it's required."},{"speaker":"Tom Raftery","startTime":1127.028,"endTime":1131.848,"body":"So, what do you, what do you think"},{"speaker":"Tom Raftery","startTime":1127.028,"endTime":1131.848,"body":"of the value of interconnects between"},{"speaker":"Tom Raftery","startTime":1131.848,"endTime":1133.478,"body":"grids in that kind of scenario?"},{"speaker":"Julia Souder","startTime":1135.078,"endTime":1138.148,"body":"It is true that the"},{"speaker":"Julia Souder","startTime":1135.078,"endTime":1138.148,"body":"system always has this kind of 24 7"},{"speaker":"Julia Souder","startTime":1138.208,"endTime":1141.198,"body":"workability, but it does have stalling"},{"speaker":"Julia Souder","startTime":1138.208,"endTime":1141.198,"body":"elements where you need to bring"},{"speaker":"Julia Souder","startTime":1141.198,"endTime":1144.088,"body":"long duration energy storage in to"},{"speaker":"Julia Souder","startTime":1141.198,"endTime":1144.088,"body":"get that continuity and resiliency."},{"speaker":"Julia Souder","startTime":1144.933,"endTime":1149.933,"body":"It's one of the, the cost benefit analysis"},{"speaker":"Julia Souder","startTime":1144.933,"endTime":1149.933,"body":"that the council has done is, is brought"},{"speaker":"Julia Souder","startTime":1149.933,"endTime":1153.613,"body":"together some of the savings you get"},{"speaker":"Julia Souder","startTime":1149.933,"endTime":1153.613,"body":"when you need to defer transmission"},{"speaker":"Julia Souder","startTime":1153.613,"endTime":1157.733,"body":"or distribution costs, because it"},{"speaker":"Julia Souder","startTime":1153.613,"endTime":1157.733,"body":"might take 7 to 10 years to plan for"},{"speaker":"Julia Souder","startTime":1158.173,"endTime":1159.893,"body":"transmission or distribution line."},{"speaker":"Julia Souder","startTime":1159.953,"endTime":1163.513,"body":"And in the meantime, long duration energy"},{"speaker":"Julia Souder","startTime":1159.953,"endTime":1163.513,"body":"storage can provide that congestion"},{"speaker":"Julia Souder","startTime":1163.513,"endTime":1165.453,"body":"relief, that additional flexibility."},{"speaker":"Julia Souder","startTime":1165.883,"endTime":1168.353,"body":"You know, the different types"},{"speaker":"Julia Souder","startTime":1165.883,"endTime":1168.353,"body":"of ancilliary services that a"},{"speaker":"Julia Souder","startTime":1168.353,"endTime":1171.633,"body":"transmission line or generation"},{"speaker":"Julia Souder","startTime":1168.353,"endTime":1171.633,"body":"or even distribution can provide"},{"speaker":"Julia Souder","startTime":1171.943,"endTime":1173.293,"body":"all this can step in and do that."},{"speaker":"Julia Souder","startTime":1173.293,"endTime":1177.603,"body":"So one of the elements to avoid this"},{"speaker":"Julia Souder","startTime":1173.293,"endTime":1177.603,"body":"global crisis of interconnection queue"},{"speaker":"Julia Souder","startTime":1177.603,"endTime":1182.333,"body":"delays is to start coordinating on"},{"speaker":"Julia Souder","startTime":1177.603,"endTime":1182.333,"body":"planning, maybe a parallel processes"},{"speaker":"Julia Souder","startTime":1182.333,"endTime":1186.093,"body":"to look at the different benefits of co"},{"speaker":"Julia Souder","startTime":1182.333,"endTime":1186.093,"body":"location when you're looking at a new"},{"speaker":"Julia Souder","startTime":1186.093,"endTime":1189.953,"body":"solar wind farm, having long duration"},{"speaker":"Julia Souder","startTime":1186.093,"endTime":1189.953,"body":"energy storage there at the site, or if"},{"speaker":"Julia Souder","startTime":1189.953,"endTime":1193.253,"body":"you need to have, you know, the planning"},{"speaker":"Julia Souder","startTime":1189.953,"endTime":1193.253,"body":"looking at a different part of the system."},{"speaker":"Julia Souder","startTime":1193.613,"endTime":1196.723,"body":"How do you have a stronger network"},{"speaker":"Julia Souder","startTime":1193.613,"endTime":1196.723,"body":"by looking at your entire portfolio?"},{"speaker":"Julia Souder","startTime":1196.723,"endTime":1201.993,"body":"So long duration energy storage is a"},{"speaker":"Julia Souder","startTime":1196.723,"endTime":1201.993,"body":"solution to kind of moving us through this"},{"speaker":"Julia Souder","startTime":1202.023,"endTime":1206.738,"body":"congestion of chaos with the transmission"},{"speaker":"Julia Souder","startTime":1202.023,"endTime":1206.738,"body":"queues and the connection elements and"},{"speaker":"Julia Souder","startTime":1206.738,"endTime":1210.578,"body":"providing some of the strengths to the"},{"speaker":"Julia Souder","startTime":1206.738,"endTime":1210.578,"body":"seams that connect the wind and solar"},{"speaker":"Julia Souder","startTime":1210.578,"endTime":1212.958,"body":"24 7 to the various infrastructures."},{"speaker":"Tom Raftery","startTime":1214.68,"endTime":1220.455,"body":"Julia in a couple of previous"},{"speaker":"Tom Raftery","startTime":1214.68,"endTime":1220.455,"body":"episodes of this podcast, people have"},{"speaker":"Tom Raftery","startTime":1220.455,"endTime":1230.423,"body":"talked about how you define whether"},{"speaker":"Tom Raftery","startTime":1220.455,"endTime":1230.423,"body":"energy is green or not, depending on"},{"speaker":"Tom Raftery","startTime":1230.673,"endTime":1237.884,"body":"when it was generated, depending on,"},{"speaker":"Tom Raftery","startTime":1230.673,"endTime":1237.884,"body":"the amount of green energy generated"},{"speaker":"Tom Raftery","startTime":1237.944,"endTime":1244.048,"body":"in a particular time frame, so for"},{"speaker":"Tom Raftery","startTime":1237.944,"endTime":1244.048,"body":"example, whether you measure it,"},{"speaker":"Tom Raftery","startTime":1245.317,"endTime":1249.867,"body":"percentage of green energy generated"},{"speaker":"Tom Raftery","startTime":1245.317,"endTime":1249.867,"body":"in a month, or in a quarter, or in a"},{"speaker":"Tom Raftery","startTime":1249.867,"endTime":1253.712,"body":"week, or in a day, is it green or not?"},{"speaker":"Tom Raftery","startTime":1254.002,"endTime":1259.145,"body":"And, you know, this has accounting"},{"speaker":"Tom Raftery","startTime":1254.002,"endTime":1259.145,"body":"implications for percentages and"},{"speaker":"Tom Raftery","startTime":1259.145,"endTime":1261.375,"body":"for credits and things like that."},{"speaker":"Tom Raftery","startTime":1261.705,"endTime":1264.315,"body":"Is that something that"},{"speaker":"Tom Raftery","startTime":1261.705,"endTime":1264.315,"body":"LDES plays into as well?"},{"speaker":"Julia Souder","startTime":1293.567,"endTime":1295.637,"body":"Great question,"},{"speaker":"Julia Souder","startTime":1293.567,"endTime":1295.637,"body":"Tom, because the accountability"},{"speaker":"Julia Souder","startTime":1295.6770000000001,"endTime":1299.587,"body":"for really understanding that"},{"speaker":"Julia Souder","startTime":1295.6770000000001,"endTime":1299.587,"body":"every hour of every day being met"},{"speaker":"Julia Souder","startTime":1299.587,"endTime":1301.847,"body":"with clean energy is is critical."},{"speaker":"Julia Souder","startTime":1301.9170000000001,"endTime":1305.237,"body":"We really need to demonstrate that this"},{"speaker":"Julia Souder","startTime":1301.9170000000001,"endTime":1305.237,"body":"transition can happen moving from fossil"},{"speaker":"Julia Souder","startTime":1305.237,"endTime":1309.307,"body":"fuels to 100% renewable energy, but"},{"speaker":"Julia Souder","startTime":1305.237,"endTime":1309.307,"body":"we need to various tools to do this."},{"speaker":"Julia Souder","startTime":1309.307,"endTime":1313.387,"body":"And so the LDES council worked with"},{"speaker":"Julia Souder","startTime":1309.307,"endTime":1313.387,"body":"our diverse membership to bring forward"},{"speaker":"Julia Souder","startTime":1313.4370000000001,"endTime":1318.4170000000001,"body":"a 24 7 clean power purchase agreement"},{"speaker":"Julia Souder","startTime":1313.4370000000001,"endTime":1318.4170000000001,"body":"building on existing tool that's used"},{"speaker":"Julia Souder","startTime":1318.4170000000001,"endTime":1319.952,"body":"in various parts around the world."},{"speaker":"Julia Souder","startTime":1320.2720000000002,"endTime":1323.742,"body":"But adding in this, this component"},{"speaker":"Julia Souder","startTime":1320.2720000000002,"endTime":1323.742,"body":"where you get the cost savings and"},{"speaker":"Julia Souder","startTime":1323.742,"endTime":1327.3220000000001,"body":"accountability from long duration"},{"speaker":"Julia Souder","startTime":1323.742,"endTime":1327.3220000000001,"body":"energy stores, providing this value of"},{"speaker":"Julia Souder","startTime":1327.342,"endTime":1331.482,"body":"the 24 seven matching, and then you're"},{"speaker":"Julia Souder","startTime":1327.342,"endTime":1331.482,"body":"also getting the, you know, again,"},{"speaker":"Julia Souder","startTime":1331.482,"endTime":1335.2820000000002,"body":"the energy shifting that flexibility"},{"speaker":"Julia Souder","startTime":1331.482,"endTime":1335.2820000000002,"body":"that when currently today, many of"},{"speaker":"Julia Souder","startTime":1335.2820000000002,"endTime":1338.422,"body":"these hours are filled with fossil"},{"speaker":"Julia Souder","startTime":1335.2820000000002,"endTime":1338.422,"body":"fuels this will no longer take place"},{"speaker":"Julia Souder","startTime":1338.622,"endTime":1340.722,"body":"cos LDES can match those hourly needs."},{"speaker":"Julia Souder","startTime":1341.2920000000001,"endTime":1345.502,"body":"This 24 7 clean power purchase"},{"speaker":"Julia Souder","startTime":1341.2920000000001,"endTime":1345.502,"body":"agreement really demonstrates that"},{"speaker":"Julia Souder","startTime":1345.5420000000001,"endTime":1347.3120000000001,"body":"every hour can be met with clean energy."},{"speaker":"Julia Souder","startTime":1347.3120000000001,"endTime":1349.832,"body":"And it's a really important tool that"},{"speaker":"Julia Souder","startTime":1347.3120000000001,"endTime":1349.832,"body":"we've been working with the Global"},{"speaker":"Julia Souder","startTime":1349.832,"endTime":1355.0320000000002,"body":"Renewables Alliance and many of our"},{"speaker":"Julia Souder","startTime":1349.832,"endTime":1355.0320000000002,"body":"members to promote this, this tool"},{"speaker":"Julia Souder","startTime":1355.0320000000002,"endTime":1358.142,"body":"that can actually give the transparency"},{"speaker":"Julia Souder","startTime":1355.0320000000002,"endTime":1358.142,"body":"to give the strength and validation"},{"speaker":"Julia Souder","startTime":1358.142,"endTime":1359.912,"body":"behind our clean energy transition."},{"speaker":"Julia Souder","startTime":1360.2820000000002,"endTime":1365.0520000000001,"body":"It's also helpful to note that new"},{"speaker":"Julia Souder","startTime":1360.2820000000002,"endTime":1365.0520000000001,"body":"out of the 17 sustainable development"},{"speaker":"Julia Souder","startTime":1365.092,"endTime":1366.682,"body":"goals that the UN has been promoting."},{"speaker":"Julia Souder","startTime":1367.487,"endTime":1369.617,"body":"Over 10 can be met with long"},{"speaker":"Julia Souder","startTime":1367.487,"endTime":1369.617,"body":"duration energy storage."},{"speaker":"Julia Souder","startTime":1369.617,"endTime":1372.017,"body":"And this is another tool to"},{"speaker":"Julia Souder","startTime":1369.617,"endTime":1372.017,"body":"demonstrate how this is happening."},{"speaker":"Julia Souder","startTime":1372.037,"endTime":1376.007,"body":"And same with scope 1, 2, and 3"},{"speaker":"Julia Souder","startTime":1372.037,"endTime":1376.007,"body":"emissions, how LDES can help the various"},{"speaker":"Julia Souder","startTime":1376.007,"endTime":1380.3970000000002,"body":"industrial sectors also demonstrate"},{"speaker":"Julia Souder","startTime":1376.007,"endTime":1380.3970000000002,"body":"that they are truly transitioning and"},{"speaker":"Julia Souder","startTime":1380.3970000000002,"endTime":1384.247,"body":"that LDES can provide this flexibility,"},{"speaker":"Julia Souder","startTime":1380.3970000000002,"endTime":1384.247,"body":"reliability and resiliency that"},{"speaker":"Julia Souder","startTime":1384.777,"endTime":1386.1470000000002,"body":"various customers are looking for."},{"speaker":"Tom Raftery","startTime":1387.172,"endTime":1388.142,"body":"Okay, interesting."},{"speaker":"Tom Raftery","startTime":1389.392,"endTime":1393.632,"body":"I had recently on the podcast"},{"speaker":"Tom Raftery","startTime":1389.392,"endTime":1393.632,"body":"a company called Husk Energy."},{"speaker":"Tom Raftery","startTime":1394.082,"endTime":1396.712,"body":"And they're based in India and Africa."},{"speaker":"Tom Raftery","startTime":1397.012,"endTime":1402.0320000000002,"body":"And they're creating little"},{"speaker":"Tom Raftery","startTime":1397.012,"endTime":1402.0320000000002,"body":"microgrids for, villages that don't"},{"speaker":"Tom Raftery","startTime":1402.0420000000001,"endTime":1404.592,"body":"have energy to date, for example."},{"speaker":"Tom Raftery","startTime":1404.922,"endTime":1410.002,"body":"And they're doing it with a"},{"speaker":"Tom Raftery","startTime":1404.922,"endTime":1410.002,"body":"combination of solar and batteries."},{"speaker":"Tom Raftery","startTime":1410.392,"endTime":1416.7910000000002,"body":"And, they'll roll out a 50 kilowatt solar"},{"speaker":"Tom Raftery","startTime":1410.392,"endTime":1416.7910000000002,"body":"array and a battery backup facility for"},{"speaker":"Tom Raftery","startTime":1416.8010000000002,"endTime":1421.781,"body":"a village of, I think it's up to 400"},{"speaker":"Tom Raftery","startTime":1416.8010000000002,"endTime":1421.781,"body":"residences, that kind of thing, and it can"},{"speaker":"Tom Raftery","startTime":1421.781,"endTime":1424.881,"body":"scale up as more electricity is required."},{"speaker":"Tom Raftery","startTime":1425.401,"endTime":1429.931,"body":"So would something like that"},{"speaker":"Tom Raftery","startTime":1425.401,"endTime":1429.931,"body":"be considered, interesting"},{"speaker":"Tom Raftery","startTime":1429.931,"endTime":1432.901,"body":"to someone like the, the Long"},{"speaker":"Tom Raftery","startTime":1429.931,"endTime":1432.901,"body":"Duration Energy Storage Council?"},{"speaker":"Tom Raftery","startTime":1432.951,"endTime":1434.881,"body":"Is it something that you"},{"speaker":"Tom Raftery","startTime":1432.951,"endTime":1434.881,"body":"would consider as well?"},{"speaker":"Tom Raftery","startTime":1434.881,"endTime":1438.891,"body":"Or are you looking more at larger grid"},{"speaker":"Tom Raftery","startTime":1434.881,"endTime":1438.891,"body":"scale projects rather than micro grids?"},{"speaker":"Julia Souder","startTime":1441.511,"endTime":1444.121,"body":"One of the benefits"},{"speaker":"Julia Souder","startTime":1441.511,"endTime":1444.121,"body":"of why our members continue to join"},{"speaker":"Julia Souder","startTime":1444.121,"endTime":1446.241,"body":"the LDES Council is this diversity."},{"speaker":"Julia Souder","startTime":1446.251,"endTime":1449.971,"body":"So we have members that have projects"},{"speaker":"Julia Souder","startTime":1446.251,"endTime":1449.971,"body":"that are currently up and running"},{"speaker":"Julia Souder","startTime":1450.241,"endTime":1454.731,"body":"in parts of Africa, working with an"},{"speaker":"Julia Souder","startTime":1450.241,"endTime":1454.731,"body":"agricultural firm that has a, you"},{"speaker":"Julia Souder","startTime":1454.731,"endTime":1457.5710000000001,"body":"know, onshore wind product that they"},{"speaker":"Julia Souder","startTime":1454.731,"endTime":1457.5710000000001,"body":"really need to have the stability and"},{"speaker":"Julia Souder","startTime":1457.5710000000001,"endTime":1459.371,"body":"reliability, so they brought LDES in."},{"speaker":"Julia Souder","startTime":1459.481,"endTime":1460.731,"body":"It's its own little microgrid."},{"speaker":"Julia Souder","startTime":1460.761,"endTime":1465.0410000000002,"body":"We have parts in the Middle East"},{"speaker":"Julia Souder","startTime":1460.761,"endTime":1465.0410000000002,"body":"where it's providing heat and cooling"},{"speaker":"Julia Souder","startTime":1465.0510000000002,"endTime":1467.741,"body":"and that projects have been working"},{"speaker":"Julia Souder","startTime":1465.0510000000002,"endTime":1467.741,"body":"up and running with concerning solar"},{"speaker":"Julia Souder","startTime":1467.741,"endTime":1469.0910000000001,"body":"power and thermal energy storage."},{"speaker":"Julia Souder","startTime":1469.536,"endTime":1472.9560000000001,"body":"We have projects that are working with the"},{"speaker":"Julia Souder","startTime":1469.536,"endTime":1472.9560000000001,"body":"mining industry, whether they're attached"},{"speaker":"Julia Souder","startTime":1473.006,"endTime":1476.646,"body":"to the transmission grid, providing"},{"speaker":"Julia Souder","startTime":1473.006,"endTime":1476.646,"body":"that continuity of service, but also"},{"speaker":"Julia Souder","startTime":1477.011,"endTime":1481.741,"body":"some infrastructure that is so, so rural"},{"speaker":"Julia Souder","startTime":1477.011,"endTime":1481.741,"body":"that again, it has long duration energy"},{"speaker":"Julia Souder","startTime":1481.741,"endTime":1484.751,"body":"storage to provide that 24 7 clean power."},{"speaker":"Julia Souder","startTime":1484.751,"endTime":1489.101,"body":"And so we do have microgrids set up around"},{"speaker":"Julia Souder","startTime":1484.751,"endTime":1489.101,"body":"the world, Latin America, United States,"},{"speaker":"Julia Souder","startTime":1490.0510000000002,"endTime":1495.731,"body":"agriculture again, some of the airports"},{"speaker":"Julia Souder","startTime":1490.0510000000002,"endTime":1495.731,"body":"in Europe are replacing backup diesel"},{"speaker":"Julia Souder","startTime":1495.741,"endTime":1498.951,"body":"generators with long duration energy"},{"speaker":"Julia Souder","startTime":1495.741,"endTime":1498.951,"body":"storage to kind of provide local services."},{"speaker":"Julia Souder","startTime":1499.281,"endTime":1502.391,"body":"I mentioned island nations earlier,"},{"speaker":"Julia Souder","startTime":1499.281,"endTime":1502.391,"body":"you know, really making sure that"},{"speaker":"Julia Souder","startTime":1502.391,"endTime":1506.131,"body":"the solar that kept capturing"},{"speaker":"Julia Souder","startTime":1502.391,"endTime":1506.131,"body":"is used for tourism industry."},{"speaker":"Julia Souder","startTime":1506.8010000000002,"endTime":1511.701,"body":"There are definitely opportunities for"},{"speaker":"Julia Souder","startTime":1506.8010000000002,"endTime":1511.701,"body":"ongoing co location and projects where"},{"speaker":"Julia Souder","startTime":1511.701,"endTime":1515.951,"body":"you get the microgrid benefits, but also"},{"speaker":"Julia Souder","startTime":1511.701,"endTime":1515.951,"body":"there are many projects that can be large"},{"speaker":"Julia Souder","startTime":1515.951,"endTime":1520.749,"body":"scale and provide you know, to whole"},{"speaker":"Julia Souder","startTime":1515.951,"endTime":1520.749,"body":"counties or provinces or states where long"},{"speaker":"Julia Souder","startTime":1520.749,"endTime":1521.986,"body":"duration energy storage provides value."},{"speaker":"Julia Souder","startTime":1522.326,"endTime":1525.786,"body":"It's the diversity that's so important"},{"speaker":"Julia Souder","startTime":1522.326,"endTime":1525.786,"body":"and why this marketplace is critical"},{"speaker":"Julia Souder","startTime":1525.786,"endTime":1530.606,"body":"because we need to make sure that for"},{"speaker":"Julia Souder","startTime":1525.786,"endTime":1530.606,"body":"every local needs, there is a tool that"},{"speaker":"Julia Souder","startTime":1530.606,"endTime":1534.526,"body":"can be used to really implement this 24"},{"speaker":"Julia Souder","startTime":1530.606,"endTime":1534.526,"body":"seven, it's flexibility and reliability."},{"speaker":"Julia Souder","startTime":1534.526,"endTime":1537.106,"body":"And long duration energy storage"},{"speaker":"Julia Souder","startTime":1534.526,"endTime":1537.106,"body":"has this in the marketplace."},{"speaker":"Julia Souder","startTime":1537.1760000000002,"endTime":1541.192,"body":"We just need to scale up to reach"},{"speaker":"Julia Souder","startTime":1537.1760000000002,"endTime":1541.192,"body":"the eight terawatts of long duration"},{"speaker":"Julia Souder","startTime":1541.192,"endTime":1542.086,"body":"energy storage that we need."},{"speaker":"Julia Souder","startTime":1542.086,"endTime":1545.566,"body":"This is an enormous number, but if you're"},{"speaker":"Julia Souder","startTime":1542.086,"endTime":1545.566,"body":"looking at the global conversation about"},{"speaker":"Julia Souder","startTime":1546.121,"endTime":1548.281,"body":"annual needs for renewable and solar."},{"speaker":"Julia Souder","startTime":1548.781,"endTime":1551.481,"body":"You can't have that that certainty"},{"speaker":"Julia Souder","startTime":1548.781,"endTime":1551.481,"body":"without long duration energy"},{"speaker":"Julia Souder","startTime":1551.501,"endTime":1552.5510000000002,"body":"storage in that partnership."},{"speaker":"Julia Souder","startTime":1552.5510000000002,"endTime":1556.661,"body":"So it's fantastic to see global leaders"},{"speaker":"Julia Souder","startTime":1552.5510000000002,"endTime":1556.661,"body":"and local leaders start really pushing"},{"speaker":"Julia Souder","startTime":1556.661,"endTime":1560.111,"body":"for this initiative to change policies,"},{"speaker":"Julia Souder","startTime":1556.661,"endTime":1560.111,"body":"but it has to have long duration energy"},{"speaker":"Julia Souder","startTime":1560.131,"endTime":1563.941,"body":"storage there if you really want to have"},{"speaker":"Julia Souder","startTime":1560.131,"endTime":1563.941,"body":"your needs met to have that security"},{"speaker":"Julia Souder","startTime":1563.991,"endTime":1565.741,"body":"affordability and reliability with LDES."},{"speaker":"Tom Raftery","startTime":1566.761,"endTime":1567.111,"body":"Okay."},{"speaker":"Tom Raftery","startTime":1567.121,"endTime":1574.1860000000001,"body":"And just room A gigawatt is roughly"},{"speaker":"Tom Raftery","startTime":1567.121,"endTime":1574.1860000000001,"body":"the output of a nuclear power plant."},{"speaker":"Tom Raftery","startTime":1574.506,"endTime":1577.316,"body":"A terawatt is a thousand gigawatts, right?"},{"speaker":"Tom Raftery","startTime":1577.646,"endTime":1583.596,"body":"And so you need 8 terawatts is 8,"},{"speaker":"Tom Raftery","startTime":1577.646,"endTime":1583.596,"body":"000 nuclear power plants, which"},{"speaker":"Tom Raftery","startTime":1584.1860000000001,"endTime":1585.596,"body":"don't exist anywhere right now."},{"speaker":"Tom Raftery","startTime":1586.632,"endTime":1589.012,"body":"Where does the 8 terawatt"},{"speaker":"Tom Raftery","startTime":1586.632,"endTime":1589.012,"body":"number come from?"},{"speaker":"Julia Souder","startTime":1590.472,"endTime":1594.722,"body":"So one of our initial"},{"speaker":"Julia Souder","startTime":1590.472,"endTime":1594.722,"body":"flagship reports, we studied the"},{"speaker":"Julia Souder","startTime":1594.7920000000001,"endTime":1597.8120000000001,"body":"global footprint of what is needed"},{"speaker":"Julia Souder","startTime":1594.7920000000001,"endTime":1597.8120000000001,"body":"for various countries around the"},{"speaker":"Julia Souder","startTime":1597.8120000000001,"endTime":1602.192,"body":"world to meet their local targets for"},{"speaker":"Julia Souder","startTime":1597.8120000000001,"endTime":1602.192,"body":"decarbonization and net zero goals."},{"speaker":"Julia Souder","startTime":1602.7920000000001,"endTime":1609.682,"body":"For example, Europe needs over"},{"speaker":"Julia Souder","startTime":1602.7920000000001,"endTime":1609.682,"body":"200 gigawatts of LDES and by 2035."},{"speaker":"Julia Souder","startTime":1609.712,"endTime":1616.682,"body":"And so, you know, if you're looking at"},{"speaker":"Julia Souder","startTime":1609.712,"endTime":1616.682,"body":"United States, 400 gigawatts of long"},{"speaker":"Julia Souder","startTime":1616.682,"endTime":1617.575,"body":"duration energy storage, if you're looking"},{"speaker":"Julia Souder","startTime":1616.682,"endTime":1617.575,"body":"at Australia, we've really been able to"},{"speaker":"Julia Souder","startTime":1617.575,"endTime":1620.837,"body":"kinda highlight different countries, but"},{"speaker":"Julia Souder","startTime":1617.575,"endTime":1620.837,"body":"when you look at the marketplace for where"},{"speaker":"Julia Souder","startTime":1620.837,"endTime":1624.467,"body":"solar and wind need to be, then you also"},{"speaker":"Julia Souder","startTime":1620.837,"endTime":1624.467,"body":"have long duration energy storage needs."},{"speaker":"Julia Souder","startTime":1624.487,"endTime":1628.277,"body":"So there's a lot more information"},{"speaker":"Julia Souder","startTime":1624.487,"endTime":1628.277,"body":"in our four reports on our website"},{"speaker":"Julia Souder","startTime":1628.277,"endTime":1631.777,"body":"where we're looking at the power,"},{"speaker":"Julia Souder","startTime":1628.277,"endTime":1631.777,"body":"heat sector and hydrogen, and we're"},{"speaker":"Julia Souder","startTime":1631.777,"endTime":1635.4270000000001,"body":"really trying to demonstrate again,"},{"speaker":"Julia Souder","startTime":1631.777,"endTime":1635.4270000000001,"body":"an entire ecosystem that almost every"},{"speaker":"Julia Souder","startTime":1635.4270000000001,"endTime":1638.767,"body":"part of our daily lives is going to"},{"speaker":"Julia Souder","startTime":1635.4270000000001,"endTime":1638.767,"body":"need some part of LDES to make sure"},{"speaker":"Julia Souder","startTime":1638.767,"endTime":1642.497,"body":"that we have the renewable energy that"},{"speaker":"Julia Souder","startTime":1638.767,"endTime":1642.497,"body":"we want and this transition to happen."},{"speaker":"Julia Souder","startTime":1642.8970000000002,"endTime":1646.382,"body":"One other thing I wanted to highlight"},{"speaker":"Julia Souder","startTime":1642.8970000000002,"endTime":1646.382,"body":"is you know, if we don't build"},{"speaker":"Julia Souder","startTime":1646.382,"endTime":1649.5320000000002,"body":"out as much wind and solar, you"},{"speaker":"Julia Souder","startTime":1646.382,"endTime":1649.5320000000002,"body":"can definitely have the LDES as"},{"speaker":"Julia Souder","startTime":1649.5320000000002,"endTime":1650.972,"body":"a backup as a mitigation measure."},{"speaker":"Julia Souder","startTime":1650.982,"endTime":1653.712,"body":"We're not going to be able to put"},{"speaker":"Julia Souder","startTime":1650.982,"endTime":1653.712,"body":"solar and wind in every location."},{"speaker":"Julia Souder","startTime":1653.712,"endTime":1656.942,"body":"There is a balance and trade offs"},{"speaker":"Julia Souder","startTime":1653.712,"endTime":1656.942,"body":"with environment and mitigation and"},{"speaker":"Julia Souder","startTime":1656.942,"endTime":1658.2720000000002,"body":"conservation that is really important."},{"speaker":"Julia Souder","startTime":1658.7920000000001,"endTime":1661.7820000000002,"body":"But that's also a role for long duration"},{"speaker":"Julia Souder","startTime":1658.7920000000001,"endTime":1661.7820000000002,"body":"energy storage to come in and be able"},{"speaker":"Julia Souder","startTime":1661.7820000000002,"endTime":1665.472,"body":"to fill in the gaps and fill in the"},{"speaker":"Julia Souder","startTime":1661.7820000000002,"endTime":1665.472,"body":"needs because it has that diversity and"},{"speaker":"Julia Souder","startTime":1665.472,"endTime":1669.252,"body":"flexibility where various communities"},{"speaker":"Julia Souder","startTime":1665.472,"endTime":1669.252,"body":"need to have different elements."},{"speaker":"Julia Souder","startTime":1669.2720000000002,"endTime":1673.012,"body":"But yes, it's thrilling to see that"},{"speaker":"Julia Souder","startTime":1669.2720000000002,"endTime":1673.012,"body":"the momentum in the push, it is a"},{"speaker":"Julia Souder","startTime":1673.0520000000001,"endTime":1675.612,"body":"enormous amount of scale that we"},{"speaker":"Julia Souder","startTime":1673.0520000000001,"endTime":1675.612,"body":"all have to continue to work on."},{"speaker":"Julia Souder","startTime":1676.4170000000001,"endTime":1680.587,"body":"I mean, this is, you know, 15-20GW"},{"speaker":"Julia Souder","startTime":1676.4170000000001,"endTime":1680.587,"body":"we need, you know, hundreds of"},{"speaker":"Julia Souder","startTime":1680.587,"endTime":1681.987,"body":"gigawatts as we move forward."},{"speaker":"Julia Souder","startTime":1682.017,"endTime":1683.9070000000002,"body":"So we can get there."},{"speaker":"Julia Souder","startTime":1683.9370000000001,"endTime":1686.787,"body":"But again, it's a collaboration and"},{"speaker":"Julia Souder","startTime":1683.9370000000001,"endTime":1686.787,"body":"working all together to continue to"},{"speaker":"Julia Souder","startTime":1686.797,"endTime":1690.277,"body":"help each other feel comfortable as"},{"speaker":"Julia Souder","startTime":1686.797,"endTime":1690.277,"body":"we de risk the energy transition."},{"speaker":"Tom Raftery","startTime":1691.477,"endTime":1691.637,"body":"Okay."},{"speaker":"Tom Raftery","startTime":1692.1770000000001,"endTime":1698.6970000000001,"body":"And you mentioned 2030 is, it's"},{"speaker":"Tom Raftery","startTime":1692.1770000000001,"endTime":1698.6970000000001,"body":"actually now less than six and a"},{"speaker":"Tom Raftery","startTime":1698.6970000000001,"endTime":1707.0520000000001,"body":"half years away and Europe's goal"},{"speaker":"Tom Raftery","startTime":1698.6970000000001,"endTime":1707.0520000000001,"body":"is 55% emissions reduction by 2030."},{"speaker":"Tom Raftery","startTime":1707.0520000000001,"endTime":1709.872,"body":"So in six and a half years,"},{"speaker":"Tom Raftery","startTime":1707.0520000000001,"endTime":1709.872,"body":"less than six and a half years."},{"speaker":"Tom Raftery","startTime":1710.952,"endTime":1711.962,"body":"What are the chances?"},{"speaker":"Julia Souder","startTime":1714.962,"endTime":1715.722,"body":"I'm an optimist."},{"speaker":"Julia Souder","startTime":1716.0620000000001,"endTime":1720.7820000000002,"body":"So I'm looking forward to seeing us"},{"speaker":"Julia Souder","startTime":1716.0620000000001,"endTime":1720.7820000000002,"body":"really kind of have the momentum."},{"speaker":"Julia Souder","startTime":1720.972,"endTime":1722.8120000000001,"body":"We're gonna have more climate disasters."},{"speaker":"Julia Souder","startTime":1722.892,"endTime":1726.412,"body":"And so I think, you know, we have,"},{"speaker":"Julia Souder","startTime":1722.892,"endTime":1726.412,"body":"we're gonna have growing crises"},{"speaker":"Julia Souder","startTime":1726.412,"endTime":1728.962,"body":"and we need to keep making these"},{"speaker":"Julia Souder","startTime":1726.412,"endTime":1728.962,"body":"opportunities and we need to be more"},{"speaker":"Julia Souder","startTime":1728.962,"endTime":1733.092,"body":"proactive and policymaking to make"},{"speaker":"Julia Souder","startTime":1728.962,"endTime":1733.092,"body":"sure that we can have the scale up."},{"speaker":"Julia Souder","startTime":1733.262,"endTime":1736.492,"body":"I mean, there's It's going to push"},{"speaker":"Julia Souder","startTime":1733.262,"endTime":1736.492,"body":"us, but I think we're going to"},{"speaker":"Julia Souder","startTime":1736.502,"endTime":1740.622,"body":"have to adapt as we all do and just"},{"speaker":"Julia Souder","startTime":1736.502,"endTime":1740.622,"body":"really acknowledge the fact that"},{"speaker":"Julia Souder","startTime":1740.662,"endTime":1743.337,"body":"we are changing our entire World."},{"speaker":"Julia Souder","startTime":1743.517,"endTime":1746.367,"body":"We are changing what we are accustomed"},{"speaker":"Julia Souder","startTime":1743.517,"endTime":1746.367,"body":"to, to something very different."},{"speaker":"Julia Souder","startTime":1746.367,"endTime":1750.3970000000002,"body":"And now it's becoming funneled"},{"speaker":"Julia Souder","startTime":1746.367,"endTime":1750.3970000000002,"body":"down into very strict timeline."},{"speaker":"Julia Souder","startTime":1750.8970000000002,"endTime":1753.117,"body":"So you're right, Tom,"},{"speaker":"Julia Souder","startTime":1750.8970000000002,"endTime":1753.117,"body":"we don't have much time."},{"speaker":"Julia Souder","startTime":1753.1970000000001,"endTime":1756.4470000000001,"body":"And I think this is starting to set"},{"speaker":"Julia Souder","startTime":1753.1970000000001,"endTime":1756.4470000000001,"body":"in with all of us around the world as"},{"speaker":"Julia Souder","startTime":1756.4470000000001,"endTime":1760.092,"body":"we constantly experience these climate"},{"speaker":"Julia Souder","startTime":1756.4470000000001,"endTime":1760.092,"body":"changes that are creating more and more"},{"speaker":"Julia Souder","startTime":1760.092,"endTime":1762.242,"body":"of a crisis, but we have the tools."},{"speaker":"Julia Souder","startTime":1762.242,"endTime":1763.592,"body":"We have the mechanisms."},{"speaker":"Julia Souder","startTime":1763.742,"endTime":1767.262,"body":"We can push harder on the policies to"},{"speaker":"Julia Souder","startTime":1763.742,"endTime":1767.262,"body":"really support each other to scale up."},{"speaker":"Julia Souder","startTime":1767.7920000000001,"endTime":1771.742,"body":"Long duration energy storage has been in"},{"speaker":"Julia Souder","startTime":1767.7920000000001,"endTime":1771.742,"body":"the marketplace and we need to just grow"},{"speaker":"Julia Souder","startTime":1771.742,"endTime":1775.642,"body":"it so that it really can meet all the the"},{"speaker":"Julia Souder","startTime":1771.742,"endTime":1775.642,"body":"demands of the growing solar and wind that"},{"speaker":"Julia Souder","startTime":1775.642,"endTime":1778.472,"body":"we need to to really plan for and build."},{"speaker":"Julia Souder","startTime":1778.862,"endTime":1781.2720000000002,"body":"All of those can be built"},{"speaker":"Julia Souder","startTime":1778.862,"endTime":1781.2720000000002,"body":"in two to five years."},{"speaker":"Julia Souder","startTime":1781.382,"endTime":1782.872,"body":"It depends again on the technology."},{"speaker":"Julia Souder","startTime":1782.872,"endTime":1787.452,"body":"So let's really start pushing the policies"},{"speaker":"Julia Souder","startTime":1782.872,"endTime":1787.452,"body":"to bring in the projects that can be met"},{"speaker":"Julia Souder","startTime":1787.452,"endTime":1790.0720000000001,"body":"today, built in a year, start scaling up."},{"speaker":"Julia Souder","startTime":1790.422,"endTime":1793.722,"body":"And then again, have those parallel"},{"speaker":"Julia Souder","startTime":1790.422,"endTime":1793.722,"body":"processes where if you have pumped"},{"speaker":"Julia Souder","startTime":1793.722,"endTime":1797.642,"body":"hydro or a different type of LDES that"},{"speaker":"Julia Souder","startTime":1793.722,"endTime":1797.642,"body":"needs, you know, a few more years,"},{"speaker":"Julia Souder","startTime":1797.962,"endTime":1801.0520000000001,"body":"at least you have the signals today"},{"speaker":"Julia Souder","startTime":1797.962,"endTime":1801.0520000000001,"body":"to get the financing, to get the"},{"speaker":"Julia Souder","startTime":1801.0520000000001,"endTime":1802.612,"body":"support and the permitting started."},{"speaker":"Julia Souder","startTime":1803.0220000000002,"endTime":1806.172,"body":"So that in the next two to five years,"},{"speaker":"Julia Souder","startTime":1803.0220000000002,"endTime":1806.172,"body":"when we're looking around saying, how are"},{"speaker":"Julia Souder","startTime":1806.172,"endTime":1807.922,"body":"we going to meet these changing demands?"},{"speaker":"Julia Souder","startTime":1808.422,"endTime":1810.012,"body":"We're there, we're"},{"speaker":"Julia Souder","startTime":1808.422,"endTime":1810.012,"body":"prepared and we're ready."},{"speaker":"Julia Souder","startTime":1810.0320000000002,"endTime":1813.5520000000001,"body":"We're taking a more proactive stance by"},{"speaker":"Julia Souder","startTime":1810.0320000000002,"endTime":1813.5520000000001,"body":"bringing LDES into the marketplace today."},{"speaker":"Tom Raftery","startTime":1815.702,"endTime":1818.892,"body":"There's a quote from"},{"speaker":"Tom Raftery","startTime":1815.702,"endTime":1818.892,"body":"climate scientist Kevin Anderson"},{"speaker":"Tom Raftery","startTime":1818.912,"endTime":1820.0620000000001,"body":"that I think is interesting."},{"speaker":"Tom Raftery","startTime":1820.922,"endTime":1825.5220000000002,"body":"He said, and I'm, I'm going to butcher it"},{"speaker":"Tom Raftery","startTime":1820.922,"endTime":1825.5220000000002,"body":"and trying to rephrase it, but he said,"},{"speaker":"Tom Raftery","startTime":1825.5320000000002,"endTime":1830.959,"body":"roughly, we are in for a radical future."},{"speaker":"Tom Raftery","startTime":1832.429,"endTime":1840.516,"body":"We either a, ignore climate change"},{"speaker":"Tom Raftery","startTime":1832.429,"endTime":1840.516,"body":"and reap the radical changes that'll,"},{"speaker":"Tom Raftery","startTime":1841.0990000000002,"endTime":1849.229,"body":"rain down on us or we go all out and"},{"speaker":"Tom Raftery","startTime":1841.0990000000002,"endTime":1849.229,"body":"to fight climate change, and therefore"},{"speaker":"Tom Raftery","startTime":1849.229,"endTime":1851.539,"body":"we radically change our society."},{"speaker":"Tom Raftery","startTime":1851.539,"endTime":1855.439,"body":"But in either scenario,"},{"speaker":"Tom Raftery","startTime":1851.539,"endTime":1855.439,"body":"there is no option."},{"speaker":"Tom Raftery","startTime":1855.439,"endTime":1858.969,"body":"We are going to have a"},{"speaker":"Tom Raftery","startTime":1855.439,"endTime":1858.969,"body":"radically different future."},{"speaker":"Tom Raftery","startTime":1859.3490000000002,"endTime":1863.309,"body":"It captures nicely and I,"},{"speaker":"Tom Raftery","startTime":1859.3490000000002,"endTime":1863.309,"body":"I, he, he said that in 2014."},{"speaker":"Tom Raftery","startTime":1864.169,"endTime":1872.489,"body":"So I think today, this is the end of"},{"speaker":"Tom Raftery","startTime":1864.169,"endTime":1872.489,"body":"June 2023, I'm in Seville in the south"},{"speaker":"Tom Raftery","startTime":1872.489,"endTime":1877.549,"body":"of Spain, we are in the first day of"},{"speaker":"Tom Raftery","startTime":1872.489,"endTime":1877.549,"body":"what's going to be a week of brutal"},{"speaker":"Tom Raftery","startTime":1877.579,"endTime":1881.179,"body":"weather, where the temperature, the"},{"speaker":"Tom Raftery","startTime":1877.579,"endTime":1881.179,"body":"daytime high is going to be above"},{"speaker":"Tom Raftery","startTime":1881.189,"endTime":1883.239,"body":"40 every day for the next week."},{"speaker":"Tom Raftery","startTime":1883.709,"endTime":1888.549,"body":"So we're, we're starting to see"},{"speaker":"Tom Raftery","startTime":1883.709,"endTime":1888.549,"body":"now the radical changes because"},{"speaker":"Tom Raftery","startTime":1888.549,"endTime":1889.999,"body":"we haven't moved fast enough."},{"speaker":"Tom Raftery","startTime":1889.999,"endTime":1894.684,"body":"So I think we are going to need to really,"},{"speaker":"Tom Raftery","startTime":1889.999,"endTime":1894.684,"body":"really, really move hard in the next six"},{"speaker":"Tom Raftery","startTime":1894.684,"endTime":1900.674,"body":"and a half years and beyond because I"},{"speaker":"Tom Raftery","startTime":1894.684,"endTime":1900.674,"body":"think 2030, is just the start because if"},{"speaker":"Tom Raftery","startTime":1900.674,"endTime":1906.054,"body":"we do manage to reduce the emissions 55%"},{"speaker":"Tom Raftery","startTime":1900.674,"endTime":1906.054,"body":"by 2030, that's the low hanging fruit."},{"speaker":"Tom Raftery","startTime":1906.704,"endTime":1909.564,"body":"The other 45% are going to be"},{"speaker":"Tom Raftery","startTime":1906.704,"endTime":1909.564,"body":"harder to get out of the system"},{"speaker":"Tom Raftery","startTime":1909.564,"endTime":1910.604,"body":"in the following 20 years."},{"speaker":"Tom Raftery","startTime":1910.614,"endTime":1912.664,"body":"So this is, this is"},{"speaker":"Tom Raftery","startTime":1910.614,"endTime":1912.664,"body":"not a short term thing."},{"speaker":"Tom Raftery","startTime":1912.664,"endTime":1914.694,"body":"This is not going to go away anytime soon."},{"speaker":"Tom Raftery","startTime":1916.7640000000001,"endTime":1921.914,"body":"Having said that, we're, we're coming"},{"speaker":"Tom Raftery","startTime":1916.7640000000001,"endTime":1921.914,"body":"towards the end of the podcast now, Julia."},{"speaker":"Julia Souder","startTime":1922.354,"endTime":1922.694,"body":"It's all"},{"speaker":"Julia Souder","startTime":1922.354,"endTime":1922.694,"body":"about the long duration."},{"speaker":"Tom Raftery","startTime":1922.694,"endTime":1923.344,"body":"There you go."},{"speaker":"Tom Raftery","startTime":1925.304,"endTime":1927.124,"body":"We're coming towards the end"},{"speaker":"Tom Raftery","startTime":1925.304,"endTime":1927.124,"body":"of the podcast now, Julia."},{"speaker":"Tom Raftery","startTime":1927.124,"endTime":1931.804,"body":"Is there any question I haven't asked that"},{"speaker":"Tom Raftery","startTime":1927.124,"endTime":1931.804,"body":"you wish I had or any aspect of this we"},{"speaker":"Tom Raftery","startTime":1931.804,"endTime":1934.404,"body":"haven't touched on that you think it's"},{"speaker":"Tom Raftery","startTime":1931.804,"endTime":1934.404,"body":"important for people to think about?"},{"speaker":"Julia Souder","startTime":1936.367,"endTime":1938.727,"body":"Tom, I really, again,"},{"speaker":"Julia Souder","startTime":1936.367,"endTime":1938.727,"body":"appreciate the time with you today"},{"speaker":"Julia Souder","startTime":1938.727,"endTime":1941.837,"body":"and to really highlight the value"},{"speaker":"Julia Souder","startTime":1938.727,"endTime":1941.837,"body":"out of long duration energy storage."},{"speaker":"Julia Souder","startTime":1942.887,"endTime":1946.636,"body":"So one last thing is the term flexibility"},{"speaker":"Julia Souder","startTime":1942.887,"endTime":1946.636,"body":"is used a lot and will continue to"},{"speaker":"Julia Souder","startTime":1946.636,"endTime":1950.506,"body":"be used a lot, exactly to the point"},{"speaker":"Julia Souder","startTime":1946.636,"endTime":1950.506,"body":"of the climate dependent generation"},{"speaker":"Julia Souder","startTime":1950.516,"endTime":1951.556,"body":"that we're all moving towards."},{"speaker":"Julia Souder","startTime":1952.346,"endTime":1956.971,"body":"But I'd like to inspire hope and"},{"speaker":"Julia Souder","startTime":1952.346,"endTime":1956.971,"body":"participation with all the different"},{"speaker":"Julia Souder","startTime":1956.981,"endTime":1960.941,"body":"stakeholders that are working to fight"},{"speaker":"Julia Souder","startTime":1956.981,"endTime":1960.941,"body":"climate change and the fact that long"},{"speaker":"Julia Souder","startTime":1960.941,"endTime":1964.5410000000002,"body":"duration energy storage is an essential"},{"speaker":"Julia Souder","startTime":1960.941,"endTime":1964.5410000000002,"body":"tool to do this and that there is a"},{"speaker":"Julia Souder","startTime":1964.5410000000002,"endTime":1968.451,"body":"community willing to really sit down"},{"speaker":"Julia Souder","startTime":1964.5410000000002,"endTime":1968.451,"body":"and work to help on the policies and"},{"speaker":"Julia Souder","startTime":1968.451,"endTime":1972.5610000000001,"body":"the financing and development and"},{"speaker":"Julia Souder","startTime":1968.451,"endTime":1972.5610000000001,"body":"that we are excited to be part of"},{"speaker":"Julia Souder","startTime":1972.5610000000001,"endTime":1976.381,"body":"the conversation and the improvements"},{"speaker":"Julia Souder","startTime":1972.5610000000001,"endTime":1976.381,"body":"to meet our net zero targets, and"},{"speaker":"Julia Souder","startTime":1976.651,"endTime":1979.351,"body":"we can do this decarbonisation"},{"speaker":"Julia Souder","startTime":1976.651,"endTime":1979.351,"body":"together, as long as we continue to"},{"speaker":"Julia Souder","startTime":1979.351,"endTime":1981.0510000000002,"body":"bring LDES into the conversation."},{"speaker":"Tom Raftery","startTime":1982.141,"endTime":1984.101,"body":"Superb, superb, Julie."},{"speaker":"Tom Raftery","startTime":1984.101,"endTime":1984.721,"body":"That's been great."},{"speaker":"Tom Raftery","startTime":1984.741,"endTime":1990.021,"body":"If people would like to know more about"},{"speaker":"Tom Raftery","startTime":1984.741,"endTime":1990.021,"body":"yourself, long duration energy storage"},{"speaker":"Tom Raftery","startTime":1990.141,"endTime":1993.121,"body":"or the council or any of the things"},{"speaker":"Tom Raftery","startTime":1990.141,"endTime":1993.121,"body":"we talked about in the podcast today,"},{"speaker":"Tom Raftery","startTime":1993.391,"endTime":1994.511,"body":"where would you have me direct them?"},{"speaker":"Julia Souder","startTime":1996.611,"endTime":1999.856,"body":"I would direct you to"},{"speaker":"Julia Souder","startTime":1996.611,"endTime":1999.856,"body":"in the group to The Long Duration"},{"speaker":"Julia Souder","startTime":1999.856,"endTime":2001.236,"body":"Energy Storage Council website."},{"speaker":"Julia Souder","startTime":2001.236,"endTime":2004.586,"body":"We have four public reports and a"},{"speaker":"Julia Souder","startTime":2001.236,"endTime":2004.586,"body":"lot of data and benchmarking there"},{"speaker":"Julia Souder","startTime":2004.586,"endTime":2006.736,"body":"to highlight the diversity of LDES."},{"speaker":"Julia Souder","startTime":2007.106,"endTime":2009.266,"body":"You're also seeing the various"},{"speaker":"Julia Souder","startTime":2007.106,"endTime":2009.266,"body":"partnerships we have around the"},{"speaker":"Julia Souder","startTime":2009.266,"endTime":2012.9160000000002,"body":"world and opportunities to learn"},{"speaker":"Julia Souder","startTime":2009.266,"endTime":2012.9160000000002,"body":"more with our one on one webinars"},{"speaker":"Julia Souder","startTime":2012.9360000000001,"endTime":2014.066,"body":"and also to become a member."},{"speaker":"Tom Raftery","startTime":2015.846,"endTime":2016.606,"body":"Superb, superb."},{"speaker":"Tom Raftery","startTime":2016.606,"endTime":2017.6960000000001,"body":"Julia, that's been fantastic."},{"speaker":"Tom Raftery","startTime":2017.6960000000001,"endTime":2019.286,"body":"Thanks a million for coming"},{"speaker":"Tom Raftery","startTime":2017.6960000000001,"endTime":2019.286,"body":"on the podcast today."},{"speaker":"Julia Souder","startTime":2020.851,"endTime":2021.891,"body":"Thank you, Tom, very much."},{"speaker":"Julia Souder","startTime":2021.891,"endTime":2024.891,"body":"Really appreciate the time and"},{"speaker":"Julia Souder","startTime":2021.891,"endTime":2024.891,"body":"look forward to the conversation"},{"speaker":"Julia Souder","startTime":2024.901,"endTime":2026.691,"body":"of LDES taking over the world."},{"speaker":"Tom Raftery","startTime":2034.202,"endTime":2036.092,"body":"Okay, we've"},{"speaker":"Tom Raftery","startTime":2034.202,"endTime":2036.092,"body":"come to the end of the show."},{"speaker":"Tom Raftery","startTime":2036.7820000000002,"endTime":2037.922,"body":"Thanks everyone for listening."},{"speaker":"Tom Raftery","startTime":2038.762,"endTime":2041.672,"body":"If you'd like to know more about"},{"speaker":"Tom Raftery","startTime":2038.762,"endTime":2041.672,"body":"the Climate Confident podcast,"},{"speaker":"Tom Raftery","startTime":2041.852,"endTime":2047.582,"body":"feel free to drop me an email"},{"speaker":"Tom Raftery","startTime":2041.852,"endTime":2047.582,"body":"to Tom raftery@outlook.com."},{"speaker":"Tom Raftery","startTime":2048.152,"endTime":2050.582,"body":"Or message me on LinkedIn or Twitter."},{"speaker":"Tom Raftery","startTime":2051.1459999999997,"endTime":2054.866,"body":"If you like the show, please, don't"},{"speaker":"Tom Raftery","startTime":2051.1459999999997,"endTime":2054.866,"body":"forget to click follow on it in your"},{"speaker":"Tom Raftery","startTime":2054.866,"endTime":2059.3959999999997,"body":"podcast application of choice to get new"},{"speaker":"Tom Raftery","startTime":2054.866,"endTime":2059.3959999999997,"body":"episodes as soon as they're published."},{"speaker":"Tom Raftery","startTime":2060.026,"endTime":2062.966,"body":"Also, please don't forget to"},{"speaker":"Tom Raftery","startTime":2060.026,"endTime":2062.966,"body":"rate and review the podcast."},{"speaker":"Tom Raftery","startTime":2063.176,"endTime":2065.8759999999997,"body":"It really does help new"},{"speaker":"Tom Raftery","startTime":2063.176,"endTime":2065.8759999999997,"body":"people to find the show."},{"speaker":"Tom Raftery","startTime":2066.776,"endTime":2068.816,"body":"Thanks, catch you all next time."}]}