The Future of Energy Storage, with Dick Schmalensee

In this week’s episode, host Daniel Raimi talks with Dick Schmalensee, a professor emeritus of the MIT Sloan School of Management and a former chair of the board of directors at Resources for the Future. Schmalensee and Raimi cover the takeaways from a recent study on the future of energy storage that Schmalensee coauthored, along with related insights and implications for current and future policy. They discuss the role of energy storage in a net-zero-emissions electricity system, the strengths and weaknesses of key energy storage technologies, and what these technologies might cost. References and recommendations: “The Future of Energy Storage” by Robert Armstrong, Yet-Ming Chiang, Howard Gruenspecht, Fikile Brushett, John Deutch, Seiji Engelkemier, Emre Gençer, Robert Jaffe, Paul Joskow, Dharik Mallapragada, Elsa Olivetti, Richard Schmalensee, Robert Stoner, Chi-Jen Yang, Bjorn Brandtzaeg, Patrick Brown, Kevin Huang, Johannes Pfeifenberger, Francis O’Sullivan, Yang Shao-Horn, Meia Alsup, Andres Badel, Marc Barbar, Weiran Gao, Drake Hernandez, Cristian Junge, Thaneer Malai Narayanan, Kara Rodby, and Cathy Wang; https://energy.mit.edu/research/future-of-energy-storage/ “As the Great Salt Lake Dries Up, Utah Faces an ‘Environmental Nuclear Bomb’” by Christopher Flavelle; https://www.nytimes.com/2022/06/07/climate/salt-lake-city-climate-disaster.html “A durable US climate strategy … or a house of cards?” by Richard Richels, Benjamin Santer, Henry Jacoby, and Gary Yohe; https://yaleclimateconnections.org/2022/06/a-durable-u-s-climate-strategy-or-a-house-of-cards/