Even before Russia’s invasion of Ukraine, the global energy market was struggling with supply and governments were pushing for an energy transition. As oil and gas prices continue to soar investment in renewable energy is growing, but it is energy storage that holds the key to an energy transition. Long-duration storage, in particular, is lacking, with today’s battery storage facilities only able to supply forty-five minutes to an hour of energy. 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 […]