Renewable power generation has grown significantly in recent decades but another leap forward is needed to hit countries’ climate change pledges to be net zero by 2050. In the UK specifically the Prime Minister announced an ambition last year for clean sources to generate 100% of electricity by 2035.
With renewables’ share of generation in the UK currently between 35 to 40%, how can this dramatic acceleration be achieved? Part of the answer lies in battery energy storage.
Boosting storage capacity is essential to developing a more stable electricity supply from wind and solar power especially and there is huge potential for the storage sector to grow – here in the UK and around the world. Bloomberg New Energy Finance predicts global capacity will expand 20 times over by 2030.
AMTE Power plc (LON:AMTE) is a recognised brand in the production of high-quality lithium-ion batteries across a range of markets including automotive, aerospace, defence, oil & gas and energy storage.