Refreshing blend or toxic technology cocktail?
Battery storage is racing even faster than the PV market did a few years ago. Costs are plummeting, and new production lines are popping up all around the world. Smart people with smart ideas are leveraging venture capital and research funds. M&A activity is also accelerating with a new range of investors taking interest. But the technology battle is far from over, says Ragna Haupt-Schmidt, Partner at Energy Consultancy Everoze.
“The industry is clearly going through a growing-up phase similar to that which solar PV underwent” Revolutions in lithium-ion (Li-ion) chemistries and ground-breaking flow batteries are fighting head-to-head with hydrogen-based systems for corporate investment. Everyone is trying to disrupt the market with myriad applications from high energy to high power, from long duration to frequency …
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