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.
While Li-ion will remain the dominant technology for energy storage in the coming years, other technologies, including flywheels can also fulfill large-scale storage needs.
Image: Amber Kinetics
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