Featured in Powering Through – 05-2025

A battery of reasons for optimism

The ability of battery energy storage systems (BESS) to leverage solar power as the energy and transportation sectors converge will only drive more battery demand, says Tim Buckley, director of Climate Energy Finance (CEF), an Australia-based think tank.

By

pv magazine

02 May 2025

Spanish company Grenergy is developing a 2 GW solar project and 11 GWh storage plant in Chile. | Image: Grenergy

W ith the European Union’s RepowerEU policy targeting 750 GW of PV by 2030, some 66 GW of new solar generated 1.3 Petawatt hours as renewables contributed a record 47% share of the bloc’s electricity in 2024.Hitting that target will require batteries and smart electrification. Battery prices are falling as electricity market prices offer a big price …

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