Just_Super/iStock via Getty Images The adoption of renewable energy is accelerating globally, particularly wind and solar power, as governments and corporations work towards meeting climate change-related emissions reduction targets and boosting energy security. The International Energy Agency (IEA) forecasts renewables capacity growth will be 50% higher from 2021–2026 than 2015–2020.1 Despite this strong outlook, even faster renewable energy development will be required to reach global net-zero emissions by mid-century and keep global warming under 1.5˚C by 2100.2 In our view, the widespread adoption of energy storage systems is key to reaching the high levels of renewable energy generation required to reduce emissions within the power sector. In this report, we explore how the global proliferation of renewable energy can drive rapid growth in energy storage over the coming…
Short- And Long-Duration Energy Storage Essential To The Clean Energy Transition
