Part 9/14:
Additionally, the white paper discusses the importance of deploying excess renewable capacity and the inherent trade-offs involved, such as curtailment—the phenomenon where produced renewable energy exceeds demand, leading to energy being wasted. Current data from Scotland and California show how curtailment already affects 6-19% of wind and solar energy production, respectively. As storage becomes cheaper, this inefficiency is expected to decrease, unlocking even greater potential for renewables.
Opportunities in Energy Storage and Raw Materials