Strong drivers, unprecedented challenges

Nearly 300GW of renewables were estimated to have gone online globally in 2021. Renewable energy installations worldwide are increasing rapidly and as this happens, there is greater need for a wide range of energy storage applications like ancillary services, capacity firming, and energy arbitrage. Jackson Cutsor, senior analyst at IHS Markit (now part of S&P Global), expects new opportunities for energy storage to go hand in hand with renewable energy, and for the industry’s rapid rate of expansion to continue.

Issue 04 – 2022
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Source: IHS Markit

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