A report released during London Climate Action Week highlights the urgent need for accelerating the deployment of stationary energy storage systems to meet renewable energy objectives. The document, titled 'Navigating the investment case for co-located long-duration energy storage: Delivering 3x Renewables by 2030,' points out the critical role of scaling up long-duration energy storage (LDES) technologies. These technologies are essential for maximizing the potential of renewable energy sources like wind and solar.
The report identifies a growing demand for LDES solutions, suggesting opportunities for companies such as SolarBank Corp. This insight is particularly timely as the world seeks sustainable and efficient pathways to transition to cleaner energy sources. The findings are of significant interest to policymakers, investors, and stakeholders within the renewable energy sector, offering a clear direction for future investments and policy developments.
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