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Green power storage size could triple to 2030: study

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The global market for electricity storage facilities could more than triple in size, requiring 280 billion euros ($380.1 billion) of investment over the next 20 years, according to a report published by Boston Consulting Group’s Munich office. Because the sun does not always shine and the wind does not always blow, far more storage will be needed in future to keep reserve green power ready for undersupply periods. Power storage is also needed to provide balancing supply when loads on transmission networks vary wildly — due to the inevitable volatility of renewable power fed into them. Full Article

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