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Energy Storage Must Expand Six-Fold by 2030 to Enable Renewable Boom: IEA

Battery storage capacity in the power sector more than doubled in 2023

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Energy storage infrastructure needs to expand by at least six times the current capacity if the world wants to triple renewables capacity by 2030 while maintaining electricity security, a new report from the International Energy Agency (IEA) said, adding that falling costs of batteries have accelerated energy storage deployment globally.

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