Expansion of Renewables and Cost Reductions Drive Battery Energy Storage to Forefront of National Energy Plans
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The global grid battery storage capacity is likely to grow to 135GW by 2030 from 8GW in 2020, says Frost & Sullivan
SANTA CLARA, Calif., April 15, 2021 /PRNewswire/ Frost & Sullivan s recent analysis on the global grid battery energy storage market finds that the continual expansion of intermittent renewables and declining technology costs are key factors fueling the market. As more nations across regions commit to generate over 50% of power from renewable energy by 2030 and modernize their regulations to accommodate flexible assets, the global grid battery storage capacity will likely reach
Expansion of Renewables and Cost Reductions Drive Battery Energy Storage to Forefront of National Energy Plans
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Expansion of Renewables and Cost Reductions Drive Battery Energy Storage to Forefront of National Energy Plans
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