Industrial battery storage systems can lower electricity costs for the facilities they are installed at, but could also help manage the cost of power for all consumers.
Bill Gates-founded Breakthrough Energy, The European Associate for Storage of Energy (EASE), Solar Power Europe and Wind Europe have together called on the European Commission to recognise energy storage’s crucial role for the security of energy supply in Europe.
Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030.