Market Landscape: Energy Storage Systems




  • The increased share of renewable energy in the energy mix poses a threat to the stable operation of power grids, as renewable energy cannot be produced on demand

  • Energy storage systems are key to the stabilisation of a low carbon power network and give to renewable energy production the

  • ability to be stored and supplied on demand

  • Simultaneously, the transition from ICE vehicles to EVs is underpinned by the ability to store power in the car battery pack

  • The combination of these two transition is driving the demand for energy storage systems, which is forecasted to skyrocket in

  • the next 10 years