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Europe needs bigger spend on energy storage R&D - economist

Fri, 04/11/2014 - 10:28 -- Tildy Bayar
Europe needs bigger spend on energy storage R&D - economist

Less than 1% of Europe’s €48bn in renewable energy subsidies has been spent on energy storage research and development, a British economist has asserted.


Speaking this week at the Energy Storage World Forum in London, Lord Layard, economist and programme director at the London School of Economics Centre for Economic Performance, rubbished Europe's spending on the energy storage sector and said global collaboration is necessary to move the field forward.

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