Reported 8 months ago
A surge in solar power in Europe has led to record hours of negative power prices due to supply-demand imbalances, pushing for much-needed storage solutions. The increase in solar capacity has caused wholesale power markets to experience zero or negative prices, impacting producers and leading to a reconsideration of power selling strategies. The need for battery storage to manage excess supply has been highlighted, with investments in storage solutions becoming essential to balance the power market.
Source: YAHOO