| Driver | Description | |--------|-------------| | | Mandated increase of renewable generation and ancillary‑service provision. | | EU “Fit‑for‑55” package (2021) | Introduced mandatory “grid‑balancing” capacity for offshore wind farms. | | Declining battery costs | Global average lithium‑ion cell price fell from USD 150/kWh (2018) to USD 115/kWh (2021). | | Offshore wind expansion | The “North‑West Atlantic Renewable Zone” attracted > 2 GW of wind commitments by 2020. |
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