With aggressive emissions-reduction goals and renewable energy targets expanding globally, storage is the final puzzle piece in the transition to a 100% renewable energy-powered grid. New gas-fired peaker plants are now being offset with the construction of storage facilities, and it is projected that the favorable economics of clean technologies will overtake existing gas generation assets by 2035. With the near-future potential of leaving stranded assets on the balance sheet, and advancing battery technology capabilities, there is a promising outlook for the accelerated decarbonization of the power sector.
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