Energy storage sector is witnessing an unprecedented growth with technological advances like artificial intelligence, blockchain, and predictive analytics. From advanced lithium-ion batteries that offer greater stability, density, and shelf life, to Energy Storage-as-a-Service (ESaaS) that provides reliable power supply, energy storage is undergoing a rapid transformation that was nearly inconceivable a few years ago.
In the wake of these trends, the global energy storage systems market size that was valued at $210.92 billion in 2021, is projected to reach $435.32 billion by 2030, at a CAGR of 8.4 percent.
Among the factors driving this market growth, ESaaS is a notable mention. The service model brings together an advanced battery storage system with an energy management system. Organizations can leverage ESaaS to minimize energy expenditures and carbon emissions in order to preserve environmental balance.
To put the spotlight on other key developments in the industry, Energy Tech Review illustrates how organizations are utilizing the latest developments in energy storage space. The edition also features thought leadership articles from Jonathan Boutrot, Offshore Wind Market Leader, Bureau Veritas Marine & Offshore; Julian Kaufmann, Senior Vice President at CAMS; and Roxanne Fong, Director, Utility Programs, and Maureen McDonald, Director, Energy Services, Southland Energy. They shed light on various trends in the energy storage sector, including key developments in the floating offshore wind turbines, renewable energy capacity, and microgrids.
In this edition of Energy Tech Review, we also bring to you the story of some of the top energy storage solution providers and energy storage service companies that deliver the best outcomes for their clients. The list comprises SMT Energy, a leading developer, owner, and operator of battery energy storage and community solar facilities throughout the U.S. and Enovation Analytics with its advanced AI and ML-powered platform that provides insights into renewable energy and battery technology deployments across geographies.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the energy storage sector. We would like to know your thoughts.
