Energy storage is driving the transition
Constant advancements in battery technology, supported by the adoption of electric vehicles, are facilitating the energy transition
Renewables will overtake conventional power sources by 2032, making them the fastest-growing energy source globally. Ambitious policy goals target 100pc renewable power generation. The energy storage market is rapidly evolving to support these goals and it has a crucial role to play in helping to make these ambitions a reality. In 2018, the global energy storage market expanded to record levels, with 147pc year-on-year growth in gigawatt-hour (GWh) terms. After a bump in the road in 2019, with a 13pc reduction in year-on-year deployments, we projected exceptional growth for 2020. However, the coronavirus crisis has the potential to trim our global energy storage deployments forecast for the
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