Battery storage hits record 18.4 GWh as renewable projects accelerate
Global battery storage installations reached a record 18.4 GWh in the second quarter, rising 68% from a year earlier as developers pushed ahead with wind and solar projects, according to new data from BloombergNEF. The surge reflects two key forces: lower battery costs and a larger pipeline of renewable energy projects that need storage to balance supply and demand. As more solar and wind capacity comes online,…