Sumitomo SHI FW joins Long Duration Energy Storage Council, accelerating the transition to decarbonization and carbon neutrality

Espoo, Finland, 10 February, 2022 – Global energy technology leader Sumitomo SHI FW (SFW) has joined the Long Duration Energy Storage Council (LDES) as an anchor member. SFW will work with companies from the energy and technology sector to get LDES technologies to the market faster. The primary goal is to support governments, grid operators and major electricity users in the global adoption of cost-effective long duration energy storage to replace the use of fossil fuels.

LDES Council launched in November 2021 at COP26, Glasgow, as a global CEO-led organization focused on replacing the use of fossil fuels to meet peak demand with zero-carbon LDES. The Council has already established a global reach with 36 members from Australia, Canada, Europe, India, the Middle East, and the United States. The broad expertise and perspectives of council members, ranging from Google and Microsoft to SFW’s partner Highview Power and Siemens Energy, is creating a lot of momentum in using LDES technologies to accelerate to a carbon neutral globe.

About Sumitomo SHI FW 

Sumitomo SHI FW (SFW) has been providing innovative energy solutions to our customers for over 100 years. Our mission is to enable the energy transition to a carbon-free future through decarbonization, decentralization and digitalization. 

Our solutions expand from the world-leading circulating fluidized bed (CFB) technology to long-duration energy storage (LDES), waste-to-energy(W2E), waste-to-value(W2V), carbon capture and services for the global power and industrial markets. Through co-creation, partnerships, and ecosystem collaboration SFW aims to accelerate the speed of decarbonization and create more value for our customers. 

We are global energy experts with more than 1800 talented staff, across multiple locations, covering the globe in North America, Europe, and Asia.  

For more information about our LDES solution: CRYOBattery – Sumitomo SHI FW (shi-fw.com) 

About the LDES Council: 

The LDES Council is a global, CEO-led organisation that strives to accelerate decarbonisation of the energy system at lowest cost to society by driving innovation, commercialisation, and deployment of long duration energy storage. While supporting the deployment of long duration energy storage, the LDES Council is independent of any specific technology and its members span the spectrum of innovation and include companies working on electrochemical, mechanical, thermal, and chemical LDES. The LDES Council provides fact-based guidance and information to governments, industry, and broader society, drawing from the experience of its members, which include leading energy companies, technology providers, investors, and end-users. McKinsey & Company is involved as a knowledge partner to the Council. 

In 2022, the LDES Council is prioritizing research into a number of decarbonisation topics, led by Working Groups formed from member company representation. In the Building on the 2021 Net zero-power report, the Council is looking more closely at areas such as thermal flexibility, including power and heat coupling. Working Groups are also being developed around research topics across 24/7 renewable Power Purchase Agreements (PPAs), regulatory/policy tools, evaluation of benefits to transmission and distribution networks, cost-optimal net-zero analyses for mining and island applications, and potential financing mechanisms. 

For more information, please contact:

Janna Etchells
Head of Marketing and Communications
Sumitomo SHI FW
E-mail: [email protected]
Mobile: +358 44 239 9471

Upma Koul
Vice President, Energy Storage, Strategy & Business Development
Sumitomo SHI FW
E-mail: [email protected]