Jonathan Robinson and Maria Benintende, Frost & Sullivan
Renewable power investment continues to accelerate, driven by a combination of technology and project costs reductions, supportive regulations, and growing pressure to decarbonize the power sector. The large-scale penetration of renewables needs additional support to ensure a fully functioning and balanced grid, and storage solutions can fulfill this need.
Players in the storage market have refined their offerings to meet the needs of consumers. Residential battery storage systems are on the rise due to their sleek, designer look. Commercial and industrial storage solutions can now be sized and optimized to meet specific customer needs unlike ever before. Grid-scale solutions are attracting a range of investors seeking to maximize returns from the power sector. A niche market in 2010 has become a solid commercial market in 2020 and will be a mass-market in 2030.
This session will cover topics such as:
• Geographic markets will be vital hotspots for battery energy storage growth.
• Growth opportunities for utility, commercial, and residential storage.
• Emerging dominant players in the market of the future.