IIASA researchers have come up with a new energy storage concept that could turn tall buildings into batteries
and other renewable technologies has been steadily increasing over the last few years, and global renewable electricity capacity is expected to rise still further by more than 60% from 2020 levels by 2026. This is equivalent to the current total global power capacity of fossil fuels and nuclear combined.
According to the authors, the main challenge in making a gravity energy storage solution viable is the power capacity cost. The most important benefit of LEST is that the power capacity is already installed in lifts with regenerative braking systems. There are over 18 million lifts in operation globally, and many of these spend a significant amount of time sitting still. The idea is that when the lifts are not being used to transport people, it can be used to store or generate electricity.
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