Energy storage infrastructure needs to expand by at least six times the current capacity if the world wants to triple renewables capacity by 2030 while maintaining electricity security, a new report from the International Energy Agency (IEA) said, adding that falling costs of batteries have accelerated energy storage deployment globally. The IEA’s first comprehensive analysis of the battery ecosystem found that deployment of batteries soared in 2023, especially in the power sector, where…
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Source: https://www.mercomindia.com/energy-storage-must-expand-six-fold-enable-renewables