Battery Storage. A Burgeoning Industry
12 October 2020
Market Analysis, October 2020
Batteries have been around a long time, and have evolved in various forms through history, but today they are looking to play an imperative role in the energy transition and towards a low carbon economy.
Total investments in battery storage production are projected to exceed USD150 billion by 2023, which corresponds to USD20 for every person on the planet. Over the past decade battery prices have declined 83%, which is making EVs and energy storage commercially viable for the first time in history.
Read more about
- Battery storage transformational potential
- Battery energy storage applications
- Innovation in battery storage
- Mining industry set to grow in tandem
- Challenges Ahead
in the Battery Storage Market Analysis October 2020. Download here.