Calls have been made across Europe for recognition and support for the vital role that energy storage can play in decarbonisation, reducing air pollution and contributing to a ‘green recovery’, both through legislation and industry sector activity.
Global disruptions have always fostered booms in innovation and COVID-19 is no different. Now, the innovators at the forefront of energy and green technologies must create solutions faster than ever to help to solve this monumental global challenge and Build Back Better.
Climate-smart principles must steer the global search for the minerals and metals required by the green energy boom to make sure the process remains sustainable, according to the World Bank.
“The bottom line is that this is a good business decision. We will get back our money in eight to 10 years at the current price of power. As the price of energy goes up, we’ll pay it back even quicker.”
With many climate protection advocates as well as the industry itself calling on Europe’s lawmakers to recognise the importance of energy storage, a “significant slowdown” in 2019 is expected to be countered with a more positive outlook going forwards.
Pivot Power is keeping an eye on solutions other than lithium-ion, but chief executive Matt Allen stressed the need to focus on the now and deploy chemistries that are "ready and investable".
Solar Media's Liam Stoker and Andy Colthorpe are back for episode three of the Solar Media Podcast after what's been a bumper month for energy storage.