Demand for grid-modernisation through rapid-response energy storage systems (ESS), particularly lithium-ion (Li-ion) batteries, is being fuelled by the worldwide growth in variable renewable energy generation, particularly wind and solar.
"Battery storage has the ability to impart flexibility to the grid across a variety of end-use applications," states Frost & Sullivan research analyst Ross Bruton, lead author on its Global Utility-Scale, Grid-Connected Battery Storage Systems Markets report.
"Its
