Michele Della Vigna was speaking to CNBC on Friday.
Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs.
"Renewables make perfect sense up to 50% of the power generation because … you can still manage the unreliability of supply and the timing of demand," he added. The term "global energy transition" can be seen as referring to the planet's shift from fossil-fuel based sources of energy to renewable ones such as solar and wind. The International Renewable Energy Agency describes it as a "pathway toward transformation of the global energy sector from fossil-based to zero-carbon by the second half of this century."
It's within this context that reliable storage systems will be important to renewables, as they enable the storage of energy when it's available and then its usage when required.
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