The future of energy storage
1 minute read
Vice Chairman, Energy – Europe, Middle East & Africa
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The vast majority of carbon emissions from Asia Pacific are now covered by net zero targets. Wind and solar generation will be critical to achieving this but must be combined with energy storage. Yet the growth in grid-connected battery storage is not keeping pace with new renewables capacity, creating the potential for a storage crunch.
A number of challenges must be overcome, including issues around project economics, a lack of policy support and ongoing supply chain constraints. In this video interview, Xu Le from the APAC Energy Transition Practice discusses how these issues can be resolved to unlock a sector that is essential to the widespread deployment of renewables across the region.
APAC Energy Buzz is a weekly blog by Wood Mackenzie Asia Pacific Vice Chair, Gavin Thompson. In his blog, Gavin shares the sights and sounds of what’s trending in the region and what’s weighing on business leaders’ minds.