Batteries material market set to grow 9% until 2022
A report by Technavio suggests the global market for battery materials could grow 9% annually in the next four years. Analysts point to the increasing installation of storage systems with PV as a key driver. pv magazine has covered previous reports predicting significant growth in PV and storage systems.
Odyssey surpasses $500 million mini-grid pipeline
Odyssey connects stakeholders along the mini-grid value chain to streamline development and financing processes. Reportedly over 275,000 connections would be achieved if the full pipeline is realized, and recently, it experienced a significant boost in a very dynamic mini-grid market.
Milestone: Over one trillion watts of wind and solar installed
A BloombergNEF analysis states that global wind and solar PV installations have reached a trillion watts, for the first time. While this milestone took the industry 40 years, the second trillion watts are expected to be installed in five years, in 2023, with the help of storage. The investment costs required to install one trillion watts are also expected to half.
