Electricity storage side event at International Research Development and Innovation Congress

IRENA and the Ecuador National Institute of Energy Efficiency and Renewable Energy ran a half-day workshop during the International Congress and Scientific Fair to present findings of IRENA’s electricity storage costs and outlook work, and seek different perspectives on the role of electricity storage for the global energy transition. During the workshop, which included regional and international experts from leading institutions in electricity storage technologies, government ministers, business representatives and academics, a number of preconceptions with regards to the business case for electricity storage were addressed.  Participants recognised IRENA’s ongoing efforts to increase knowledge about electricity storage and, more generally, about the growing role of storage in the region as costs for storage technologies continue to decline.