Multiple drivers are combining to allow battery capacity in electric vehicles to be used as a grid asset through vehicle-to-grid technology, writes George Hilton, senior analyst for energy storage at IHS Markit. Vehicle-to-grid tech could offer low-cost energy storage at a huge scale, but there are many barriers to overcome.
In the energy storage industry it can be easy to think that the growth trajectory is exceptional. Indeed, six months ago, in the IHS Markit Grid-Connected Energy Storage Market Tracker (our bi-annual evaluation of the energy storage industry), we predicted that the industry would double in size in 2021, with installations topping 10 GW for …
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