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Global Grid-Scale Electricity Storage Technologies Market is estimated to reach USD 1.66 billion .

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Pratiksha
Global Grid-Scale Electricity Storage Technologies Market is estimated to reach USD 1.66 billion .

The Global Grid-Scale Electricity Storage Technologies Market is estimated to reach around USD 1.66 billion in 2021 and is projected to grow at a CAGR of 10.5% during the forecast period. Electricity storage technologies or energy storage systems play a significant role in improving the grid operating capabilities and reduce infrastructure costs. 

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Recent Developments in the Global Grid-Scale Electricity Storage Technologies Market

  • In May 2021, Stiesdal, Andel and Aarhus University collaborated for Denmark’s largest electricity storage facility with 10MWh, which will be constructed as a Gridscale demonstration plant for storing renewable energy in stones. The project is funded under Danish Energy Agency by Energy Technology Development and Demonstration Program (EUDP).
  • In April 2021, Fluence, energy storage technology provider collaborated with Northvolt, battery gigafactory startup to develop grid-scale storage applications with next generation battery technology.
  • In April 2021, Zenobe Energy won a long-term contract from UK’s transmission system operator to absorb directly reactive power from the transmission network. The project is expected to begin in April 2022 near the city of Chester in England.

 Major Companies: In this report, the major companies studied are: Panasonic Corp, LG CHEM Ltd, Bosch Group, Duke Energy Corp, Samsung SDI Co. Ltd, Hitachi Ltd, Tesla Energy Operations, BYD Company Ltd, GS Yuasa Corporation, General Electric Company, Mitsubishi Electric Corporation, Sumitomo Electric Industries, Beacon Power LLC, Eos Energy Storage, and S&C Electric Company.

Get free PDF of this report @ https://bit.ly/3ChuYKw

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