Ukraine Invasion Brings Energy Storage Back Into The Spotlight ...Middle East

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Ukraine Invasion Brings Energy Storage Back Into The Spotlight
source : OILPRICE ( Middle East ) () 40
An energy crunch is causing higher oil and gas prices. The war in Ukraine caused these prices to soar even higher. As a result, governments on both sides of the Atlantic are racing to build more wind and solar to reduce dependence on fossil fuels. Enter energy storage. The UK government is planning to have installed 50 GW of offshore wind capacity by 2030. The EU is eyeing 525 GW of solar power alone by 2030 under the new REPowerEU program. And in the United States, the Biden administration is dedicating billions to new capacity and grid upgrades…

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