Smoothing peaks
There are signs that the northern hemisphere summer of 2022 will be one remembered for its extremes. Heatwaves have descended on Europe and parts of North America, breaking records, causing destructive fires, and costing lives. And an unprecedented energy crisis is looming, with increasingly extreme prices for natural gas and electricity observed in some markets.
Within the solar and energy storage industries, extreme pricing has also been a feature this year, notably in polysilicon and lithium – with both price developments putting a break on production and driving up costs further down the supply chain. Severe mismatches between the supply of electricity and sources of demand have also been observed …
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