Solar panels and batteries could cut electricity costs in Europe by 40% — under one condition
A report by the Schneider Electric institute (SERI), presented at the COP31 climate summit, showed that coordinated deployment of distributed energy resources — solar panels, batteries, electric vehicles and smart appliances — could cut the total costs of Europe's power system by up to 40% by the 2030s. But if batteries are mismatched in duration, costs could rise by 35%.
Aziz Karimov