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Renewable Energy Storage Takes Off in Europe

Posted by Charles Decuir on May 1, 2018 9:40 AM EDT
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Just weeks after the 12th International Renewable Energy Storage Conference (IRES2018) concluded in Düsseldorf, Germany, newly announced figures from Bloomberg New Energy Finance (BNEF) confirmed that battery storage technologies coupled with rapidly expanding renewables are blunting new fossil fuel investments. BNEF’s 2017 figures show that over $330 billion was invested in renewables with comparative costs worldwide showing an 18% improvement in the competitiveness of onshore wind and solar as well as a rapidly developing role for batteries.

http://www.powermag.com/renewable-energy-storage-takes-off-in-europe/

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