G7 ministers: Energy storage is key to global renewable goals
Paris, France — G7 environment ministers committed on Tuesday to ramp up the production and deployment of battery storage technology, an essential component for increasing renewable energy and combating climate change. Here is how and why batteries play a vital role in the energy transition: Growing demand Batteries have been central to the rise of electric vehicles (EVs) but are also critical to wind and solar power because of the intermittent nature of these energy sources. Surplus electricity must be stored in batteries to stabilize distribution regardless of peaks in demand, or breaks in supply at night or during low winds. Battery deployment in the energy sector last year increased more than 130 percent from 2022, according to a report released last week by the International Energy…