How has energy storage changed the world?

Rapid cost reduction drove much of the growth, making project economics increasingly attractive. Of all the emerging technologies, energy storage has made great strides. The cost of lithium-ion batteries has dropped more than 90% over the last decade, and in 2024 alone, it fell 40%.

Will the energy industry be able to deliver energy in 2025?

However, these promising options will only be able to deliver energy in the 2030s. Driven by immediate needs, the industry in 2025 will also be increasingly deploying currently available solutions, such as storage, clean hydrogen and wind and solar. Have you read?

Will AI and data centres drive electricity demand growth?

AI and data centres will thus become a key driver for electricity demand growth. It is not just about volume but also timing and location. Data centres need a reliable, stable power supply around the clock, challenging the industry’s emissions reduction goals.

How is Ai reshaping the energy industry?

Clean energy investments are surging as costs plummet and industrial policies gain traction globally. Solar and energy storage are leading the charge. Artificial intelligence’s (AI) insatiable energy demand is reshaping the grid, pushing for rapid deployment of clean and reliable energy sources while advanced nuclear builds momentum for the future.