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06 Feb 2023  |  Global  |  Market Research

Battery Energy Storage Growth Opportunities

Renewed Governmental Support for Clean Energy Transition Propels an Already Fast growing Industry

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Global battery energy storage (BES) deployment grew 51.8% in 2022 from 2021, with 17.54 GW/38.2 GWh commissioned. 2022 was a historic turning point in the clean energy transition. Despite constraints in the supply of critical minerals and materials, shipping, and sitting and permitting processes, BES is a burgeoning technology poised for accele...

The energy transition is no longer driven solely by cleaner generation technologies; it is increasingly defined by the intelligence, resilience, and strategic control embedded within energy systems. As governments, utilities, infrastructure operators, and industrial stakeholders respond to rising electricity demand, supply chain volatility, and dec...

Battery energy storage systems (BESS) are crucial in enabling the energy transition. Their deployment is essential to providing electricity systems' flexibility to support higher electrification, relying primarily on variable renewable energy (RE) sources. At the behind-the-meter (BTM) level, batteries are also increasingly recognized as a critical...

Over the past 5 years, decarbonization, digital transformation, and technology innovation have redefined the global energy landscape. The industry is undergoing an unprecedented transition—one that is simultaneously reshaping business models, investment priorities, and competitive dynamics across the oil and gas and power and energy value chains.As...

Wind energy is expected to play a vital role in achieving emission reduction targets across industries. However, conventional wind energy systems face several challenges, including limited land availability, intermittent power generation, and the inability to exploit low- and high-speed wind environments. This report studies the next-generation win...

Energy generation is the most crucial building block of a country’s economic development and a key determinant of its progress. Population growth requires a higher degree of economic development, which directly requires more energy to be generated. To meet the rising energy demands, the energy sector is under pressure to expand rapidly as countries...

Russia’s war on Ukraine has unlocked unprecedented growth opportunities for the Middle East as Europe steers away from Russia for energy supply. The European Union’s commitment to end its reliance on Russian energy by 2027 and its focus on renewables and hydrogen offer ME countries a strong business case for energy investments, given that the regio...

Universal access to electricity has been central to the African development story, with power being critical to the continent's economic growth. As more than 600 million people (or 44% of the population) lack access to electricity, Africa is racing to add capacity to electrify rural communities and secure baseload supply in urban and industrial zon...

This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in energy-efficient buildings, PEM fuel cell systems, molten-salt thermal energy, waste-to-energy systems, geothermal technology, gravity-based storage, heat-to-power conversion, microreactors, among others.The Energy and Power Systems TOE provide insigh...