Battery energy storage systems allow produced electricity from renewable energy, like wind and solar farms to be stored and released during peak demand periods or when climatic conditions are less than optimal, for example during cloudy or windless days, or at night.
Thanks to continually decreasing production costs and the pressing need for greener energy, utilities around the world have prioritised the development of renewable energy generation.
However, renewable energy can be intermittent and therefore requires producers to maintain baseloads using conventional fossil fueled power plants. By storing electricity as it’s produced during periods of lower demand, battery energy storage systems have to potential to enable the release of power during the night when solar power cannot be generated, or when climatic conditions do not allow.
There is therefore huge interest in battery technologies to compliment the growth in renewable energy. The Global Battery Energy Storage Market Report assesses this interest by quantifying the market size and opportunity for the sector and evaluating the different energy storage technologies, applications, costs, usage and forecasts for different regions and countries globally.
The Global Battery Energy Storage Market Report will enhance your decision-making capability in a more rapid and time sensitive manner. It will allow you to:
- Facilitate decision-making by analyzing market data on battery energy storage systems
- Develop strategies based on developments in the battery energy storage system market
- Identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the battery energy storage system market
Respond to your competitors’ business structure, strategies, and prospects