Companies in the resources sector are under intense pressure today to innovate and evolve their businesses to be faster, more sustainable, more digital, more automated, and more resilient to disruptions like COVID-19. But many companies lack the critical knowledge they need to be able to innovate successfully. In this first-of-its-kind event, the MIT Industrial Liaison Program is collaborating with our member companies Woodside and Rio Tinto, to examine the key questions underlying this challenge, and to share the expertise in academia, industry, and government that will help chart a course forward for the resources industry in Australia and worldwide.
Stationary energy storage seeks to disrupt the electricity markets on a global scale. Safe, inexpensive energy storage, the missing link in the electricity grid’s 140-year history, will: (1) supplement large capital infrastructure upgrades with low-cost storage; (2) pair with renewables to realize cost effective alternatives to fossil fuel generation; (3) upturn legislative and regulatory restrictions, ushering in digital and energy-sharing economic and societal opportunities.
PolyJoule has developed a non-lithium form of energy storage that is built purposely for the electricity grid. Safety is molecularly designed into our battery chemistry, streamlining permitting and usability. PolyJoule batteries can respond to both base loads and peak loads in microseconds, allowing the same energy storage system to participate in multiple power markets and deployment use cases. Upfront asset costs are low. Lifetime battery reliability is high. This lecture will introduce PolyJoule, our proprietary energy storage chemistry, its performance profile, and how congested electricity grids, renewable adaptation, and environmental tidal waves all benefit from low-cost, high-power energy storage assets.
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