Energy Storage Investment Boom Bigger and Closer than Previously Thought

Energy Storage Investment Boom Bigger and Closer than Previously Thought

Recent analysis of the solar market and reduction in cost of batteries has increased the expected market for energy storage to more than $1.2 Trillion by 2040 per Bloomberg.  The article cites increasing efficiency in battery production as well as growth in the use of solar power as drivers of the trend, which is moving across the globe and solar user markets.  Clarification of the treatment of storage under US tax law has also accelerated investment.  See the entire Bloomberg article here.

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