World News

World News07.02.2025

Europe’s renewables market powers battery storage boom

QAZAQ GREEN.  Europe’s battery storage capacity is expected to grow around five-fold by 2030, bringing with it increasing returns for energy majors, project developers and traders, as the cost of new projects falls.

Wind and solar use has grown to make up around a third of Europe's energy mix, but because these renewable sources are intermittent, they have also driven demand for batteries to provide backup. https://www.reuters.com/business/energy/europes-renewables-market-powers-battery-storage-boom-2025-02-06/

 

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