Lift Energy Storage Technology: Solution for Decentralized Urban Energy Storage with Dr. Hunt

The world is experiencing an unprecedented shift towards renewable energy sources, bringing about new challenges related to energy storage. In this exciting episode, Dr. Hunt joins us to discuss his innovative solution: Lift Energy Storage Technology (LEST).LEST is a novel concept of energy storage, leveraging the potential of high-rise buildings. The principle is simple yet innovative: using lifts and vacant apartments in tall buildings to store energy. Dr. Hunt describes how energy is stored by elevating containers filled with wet sand or other high-density materials, effectively using gravity as a storage medium. Interestingly, this system can be incorporated into existing buildings with minimal modifications, using pre-existing lift systems to transport these containers.The cost and potential of LEST are also explored. With an estimated installed storage capacity cost ranging from 21 to 128 USD/kWh, dependent on building height, LEST presents a competitive and decentralized solution for energy storage, with a global potential estimated to be around 30 to 300 GWh.Tune in as we delve into this revolutionary concept that may well shape the future of urban energy storage, providing a solution to the challenges posed by the increasingly variable nature of renewable energy sources.Keywords: Dr. Hunt, Lift Energy Storage Technology, LEST, Renewable Energy, Energy Storage, Gravitational Energy Storage, High-rise Buildings, Decentralized Energy Storage, Renewable Energy Challenges.https://doi.org/10.1016/j.energy.2022.124102 Lift Energy Storage Technology: A solution for decentralized urban energy storage