G7 Nations Call for Sixfold Increase in Energy Storage

GALWAY, IRELAND--May 6, 2024--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The Group of Seven major industrialized economies-the G7-have agreed to boost global energy storage capacity by more than 600% in the coming six years. Within this article: Details forthcoming global agreement on boosting energy storage sixfold, in particular battery energy storage systems (BESS). Current state of market, rapid growth, key factors