April 2, 2025 3:00 PM

Biggest challenge for net-zero norms is energy storage systems: Report

A new report by BofA Global Research has highlighted that Battery Energy Storage Systems (BESS) are the biggest challenge in meeting net-zero emission targets by 2050. The transition to a net-zero emission world requires a major transformation of energy systems, shifting away from fossil fuels to renewable sources such as solar, wind, and hydroelectric power. However, the inherent intermittency of these renewable energy sources poses significant challenges. Solar power generation, for instance,...