2021 BATTERY TECHNOLOGY BOOM The International Renewable Energy Agency (IRENA) names renewable energy the backbone of global development and climate strategy.
In other words, our world has become dependent on renewable energy.
Production has increased exponentially and the world has doubled its capacity over the past decade.
But the main contributor to renewable energy’s success is the way in which we store that energy.
It has an enormous shelf life, which increases demand.
In fact, this growth will increase by 13 times in grid-scale storage by 2024.
This is a monetary equivalent of $71 billion.
Global Market Insights sees energy storage systems reaching $500 billion by 2025.
Energy storage including lithium batteries, solar panels, and microinverter-based storage systems allows this renewable energy boom to continue.
Not to mention energy storage also allows for a massive opportunity to enter the market in a very solid and secure way.
Cheers,
JC