The world’s largest lithium-ion company CATL has released its Q3 results, with revenue growth recovering from the previous period but its market share ‘somewhat impacted by capacity constraints’, a company executive said.
Only half of the energy storage needed to properly integrate the potential solar PV additions globally by 2030 will be deployed based on current policies, the International Energy Agency (IEA) said in its World Energy Outlook report for 2023.
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.
