Energy storage systems set to undergo rapid development
The US research company Lux Research expects annual sales in the energy storage market to grow to over USD 500 billion by 2035, with mobility applications accounting for the lion’s share of the increase.
28 Mar 2020 Barbara RuschShare
The annual global energy storage demand is expected to rise from 164 to 3064 GWh by 2035. This is what
According to analyst Chloe Holzinger, the energy storage industry is “poised for a massive increase in annual revenues and deployment capacity as innovative key technologies such as solid-state and redox flow batteries are set to be commercialized.” The report states that five main technologies will drive the growth in energy storage systems: battery recycling, electric aircraft, redox flow and thin film batteries, as well as improvements in solid-state batteries.
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