Solar, wind, and other renewable energy sources are set for spectacular growth in the coming years and decades as governments race to net zero. It was only a matter of time before energy storage strutted on stage, and according to Wood Mackenzie, it is going to be no less spectacular than renewables. The global energy storage market is set for a 31-percent compound annual growth rate by 2030, the research firm said in a recent report . Wood Mac principal analyst Rory McCarthy noted that despite expectations for weaker growth in energy storage capacity additions this year, “growth will likely accelerate in the late 2020s, to enable increased variable renewable penetration and the power market transition.” It’s a case of better late than never with energy storage. During the renewables boom from the last decade, few considered the fact that both solar and wind energy is intermittent. The sun […]