Rory McCarthy

This year is readied to be a record-breaker for renewables auctions in Europe, as countries across the continent look to increase clean energy deployment to get to 2030 exhausts reductions targets.

Wood Mackenzie claims government auctions need to incentivise flexible power

A new report by Wood Mackenzie's has actually estimated that the global power storage space capacity additions might grow to get to 741 GWh of cumulative capacity by 2030.

Energy storage systems look set to triumph over various other adaptability suppliers, as solar and wind generation continues to skyrocket.

A new report from analysts at Wood Mackenzie forecasts 6.6 GWh of residential energy storage to be installed across Europe by 2024. The economics of the technology are at a tipping point, increasingly reaching grid parity in European markets. With rising electricity demand and falling battery system costs, the trend will further spread across the continent and fuel an uptick in demand.