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Storage - Solar Energy Storage Market Is Expected to Record CAGR of 35% By 2025 - Renewable Energy Magazine, at the heart of clean energy journalism


Monday, 03 May 2021
Increasing adoption of solar energy by utilities to replace fossil fuels will considerably increase global solar energy storage market revenues. There has been a growing concern with regards to the rapid environmental changes taking place which have resulted from the use and subsequent depletion of major natural resources that help in power generation. The support from large businesses and government agencies for exploring different power sources and their storage has contributed to the development of novel energy storage systems.
The demand for electric batteries to help reduce transportation costs has been on a rise due to the proliferation of electrical vehicles, which has driven companies to integrate storage units that are performance-oriented. Many companies are focused on solar integrated EV charging stations which will encourage the growth of systems having supporting both stationary and mobile batteries, further pushing solar energy storage i ....

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