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Driven by the demand for energy security, industrial heat decarbonization, and 24/7 carbon-free electricity, geothermal energy is becoming a crucial pillar of the worldwide clean energy transition. This report explores the rapid advancement of next-generation geothermal technologies, including enhanced geothermal systems (EGS), superhot rock geothe...

Steel is one of the essential drivers of infrastructure development, urbanization, and industrialization of any country. It plays a key role in economic expansion, contributing significantly to a country's gross domestic product (GDP). As demand for steel rises globally, there is a critical need to modernize existing capacities and develop new faci...

The need for grid flexibility, energy security, and reliable electricity supply is accelerating the development of mechanical energy storage technologies. Beyond supporting the integration of variable renewable energy, the technologies address the need for long-duration energy storage, peak load management, grid stabilization, and power system resi...

12 Sep 2018  |  Europe  |  Market Research

Dynamic Competitors in the European Battery Energy Storage Market, 2018

Intelligent Software-based Energy Storage Solutions Providing Grid Ancillary Services Driving the Market

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The European energy storage market is undergoing a stage of technological evolution, with digital transformation, electric vehicle (EV) penetration, and smart grid initiatives leading the charge. The European region is becoming a hotspot for energy storage driven by falling battery and photovoltaic (PV) costs, attractive subsidies, and increasing e...