Negative Power Prices Are Piling Up Across Europe

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Europe desperately needs to ramp up its energy storage capacity if it wants to avoid another energy crisis. In the wake of Vladimir Putin's invasion of Ukraine back in 2022, the European Union made major strides in building up its own energy production capacities in an effort to wean itself off of Russian oil and gas. Much of this buildout has been in the form of wind and solar energy, which is great news for energy independence and the bloc's climate goals, but poses key challenges in terms of energy security. As more and more of Europe's energy…

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