What are the current challenges in the energy market?
The energy transition is a complicated process. It involves not just shifting to different energy sources but also demands investments in infrastructure and, ideally, changes in consumer behavior. The good news is that we’re making progress on the production side, with more sustainable energy being generated. However, the challenge lies in aligning the timing of this production, which can fluctuate due to factors like weather, with energy consumption. Additionally, the power grid is struggling to keep up with the increasing supply and demand, leading to grid congestion as a major issue. Companies often face long waits to either obtain a new grid connection or expand their existing one.
Energy storage presents a solution to many of these problems, and the time to act is now
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