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Expansion of Renewables and Cost Reductions Drive Battery Energy Storage to Forefront of National Energy Plans

Expansion of Renewables and Cost Reductions Drive Battery Energy Storage to Forefront of National Energy Plans News provided by Share this article Share this article 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

Global Data Center Infrastructure Market to Thrive with Pent-up Demand for Smart Data Storage

Share this article Share this article SANTA CLARA, Calif., March 11, 2021 /PRNewswire/ Frost & Sullivan s recent analysis finds that investments from technology and industrial firms in the next-generation enterprise, cloud, and co-location data centers will accelerate the growth of the global data center infrastructure solutions (DCIS) market. Continual high volumes of data creation worldwide have led to increased data center investments, boosting the need for power and cooling solutions that are environmentally friendly, highly efficient, and reduce the overall cost of ownership. Despite companies reducing construction activities during COVID-19, the industry will witness significant growth in 2021 due to pent-up demand. The total investment in DCIS is expected to reach $26.15 billion by 2025 from $16.73 billion in 2019, up at a compound annual growth rate (CAGR) of 7.7%. Technology and telecommunication firms from the

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