COP29: UK backs global pledge to ramp up energy storage to 1,500GW worldwide by 2030

clock • 6 min read
Credit: iStock
Image:

Credit: iStock

Collective target to deliver six-fold increase in global energy storage capacity among flurry of energy initiatives officially unveiled in Baku as crunch UN climate talks move into second week

The UK has become one of the first nations to officially back a new collective target launched at COP29 to deliver a six-fold increase in energy storage capacity to reach 1,500GW worldwide by the end of...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

NESO: Nearly two million households and businesses joined grid flexibility services last winter

NESO: Nearly two million households and businesses joined grid flexibility services last winter

Sharp increase in number of properties taking part in flexible grid services underscores financial and emissions savings on offer

James Murray
clock 07 July 2025 • 4 min read
Zonal pricing: New research claims switch could avoid need for £27bn in grid spend

Zonal pricing: New research claims switch could avoid need for £27bn in grid spend

Study commissioned by Octopus Energy argues switch to zonal pricing could slash energy systems costs, as the grid continues to decarbonise

Michael Holder
clock 04 July 2025 • 5 min read
Report: An accelerated renewable energy rollout could unlock $20tr in global savings

Report: An accelerated renewable energy rollout could unlock $20tr in global savings

Research by the UN Development Programme alongside Octopus Energy and the University of Denver explores wider benefits from accelerating the shift away from fossil fuels

Michael Holder
clock 03 July 2025 • 4 min read