The Middle East and North Africa has traditionally derived much of its wealth from oil and gas production, but times are changing with the introduction of ambitious renewable energy targets - however, they will be unachievable without policy changes promoting the wider adoption of energy storage
Energy storage
With lithium-ion batteries raising ESG-related concerns, investors are increasingly seeing value in long-duration storage
The US Inflation Reduction Act 'opened the door' for tax equity investment in standalone storage, but exorbitant costs and a shortage of providers make it an unrealistic option for smaller developers
By 2050, solar and storage is expected to contribute 74% of South East Asia's renewable energy, but transparency issues are deterring private investors
UK storage capacity could grow more than tenfold by 2030 – but only if grid connection and supply chain challenges are addressed
Republicans in Texas are pushing for wide-ranging legislative changes that could undermine the investment credentials of wind farms and end the US state's long wind boom. The impacts for the industry could be far-reaching.
Major energy-related cyberattacks are 'probable' in the next two years - the battery storage sector needs to protect assets as such incidents could lead to loss of life
US energy storage manufacturing has been boosted by the Inflation Reduction Act as the White House looks to close the gap on China
Russian President Vladimir Putin has succeeded in blocking the EU's efforts to secure Ukraine's vast lithium reserves
Co-location of renewables assets with storage was rarely considered in the era of subsidies, but it is about to become the norm as investors seek to maximise the value of assets
A recent study challenges the belief that solid-state batteries lack durability - the technology is now seen as able to unlock the 'true potential' of stationary storage
Despite some scepticism, the rise of vehicle-to-grid technology as a major provider of storage capacity around the world will be inexorable