An estimated $3.40 trillion will be invested in renewables during the next decade, including $2.72 trillion in wind and solar. Europe: By 2030, $12.91 billion is expected to be invested annually in battery energy storage. The country accounts for 62% of global battery storage production capacity and is investing to boost capacity further. The country accounts for 62% of global battery storage production capacity and is investing to boost capacity further. This will benefit the energy storage sector, as it should enable battery prices to decline.

Source: The North Africa Journal September 01, 2020 07:52 UTC