The data highlights a turning point in the #energytransition journey. Battery storage is no longer a niche technology; it is becoming a mainstream solution for a clean and #sustainable energy future. Additionally, #batterystorage paired with #solar is becoming more competitive than traditional fuels, presenting an opportunity to support the development of domestic #batterymanufacturing capabilities. To reach #netzero, we need to supercharge this shift. International Energy Agency (IEA) The Global Energy Alliance for People and Planet (GEAPP)
Dr. HRP YADAV
7mo
Nice to connect with you Saurabh Ji . We used to meet during meeting of WEC-India AGM meeting at Shram Shakti Bhawan ( Min of Power Office ) , New Delhi
Dhaval Sakariya
6mo
Very Informative
Manager, Research and Diligence and Electricity Sector Lead, Third Derivative. Development Finance, Climate Tech, Angel Investing
6moAs the graph shows, storage is not "becoming competitive", but already cheaper than coal. It is crucial to ramp up adoption to lower costs for all consumers.