storage

Europe’s battery manufacturing capacity is on the cusp of dramatic growth, though much of the investment and know-how are coming from Asian companies.

Worldwide investments in clean energy projects have hit a six-year low. Global spending totaled $117.6 billion in the first half of 2019, down 14% from a year earlier and the least since 2013, according to a report by BloombergNEF. Investments slowed in all three major markets -- the U.S., Europe and China -- but China’s decline was especially pronounced as the country continued its shift away from subsidies for solar and wind power.