BESS to see mass adoption of alternative batteries alongside li-ion

The energy market is at the take-off point for energy storage, not just in the US, as so many US forecasters seem to think, but around the world, according to a new report from Rethink Energy which forecasts Energy Storage to 2050.All previous forecasts seem to be only 10 years out and rely purely on existing pipeline, but the energy storage market is being driven by the ramping up of discreet contractual supply line deals of raw materials and the build out of 2 TWh worth of annual giga factories spread across the entire globe (See our Gigafactory report).The global installations of short term (4 hour) energy storage on the grid and in homes, in the form of Battery Energy Storage Systems, will rise from 67 GWh of storage in 2021 and capacity of 22 GW, to 12,147 GWh of storage offering 3,715 GW of capacity by 2050.The 2031 numbers compare better to our forecasting rivals, who refuse…

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