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Three reasons why Europe is set to lose the energy storage race

From woodmac.com

Energy storage deployments are ramping up in major markets, with the US leading the way and China coming in at a close second. But despite Europe having more renewables, and more importantly, more wind and solar, than any other region globally, it is losing the energy storage race. Energy storage will provide much-needed flexibility as countries strive to achieve a net zero future. And, crucially, it will help to ensure that power prices remain affordable for the end consumer. So, why does Europe’s energy storage capacity not match its renewables ambitions? And what lessons can it learn from leading markets? We ... (full story)

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  • Category: Fundamental Analysis