The Inevitable Rise Of The Energy Storage Sector

A global energy crunch is causing winter energy bills to skyrocket and adding to an already tense geopolitical situation. Pandemic-fuelled economic chaos and ongoing supply chain woes have rendered the energy industry unable to keep up with increasing demand which has bounced back with a vengeance as the world came out of isolation after the first waves of Covid-19. As Europe has tried to move away from coal and oil, the continent has become increasingly dependent on natural gas, seen as an affordable and lower-emissions stepping-stone on the way to decarbonization. This reliance on liquefied natural gas has increased the European Union’s dependence on gas-rich Russia. Putin has capitalized on this geopolitical chokehold by keeping gas supplies to Europe tight in order to advance his own political aims on the continent, including pushing to get the Nord Stream 2…

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