“Battery storage will play an important role in the energy transition as the world increases its share of intermittent renewable power,” Equinor said.
“Battery storage is key to enabling further penetration of renewables, can contribute to stabilizing power markets and improve the security of supply,” it added.
In Dec. 2021, the International Energy Agency said the world’s installed storage capacity was projected to jump by 56% over the next five years, hitting 270 GW by 2026.
