Wattstor helps Icknield Biogas cut electricity costs by 25% with zero upfront capital
For energy-intensive sites, rising electricity costs and grid constraints can make future growth increasingly difficult. Icknield Biogas, a South Oxfordshire anaerobic digestion site producing enough renewable gas to heat 6,000 homes, faced both: growing electricity demand and a grid connection that limited its ability to expand using conventional renewable solutions. Wattstor’s answer was a fully […]
Global battery storage capacity set for rapid growth as energy systems evolve
Battery energy storage systems (BESS) are expected to become an increasingly important part of the global energy mix over the next five years, with installed capacity forecast to increase sixfold by 2030, according to new research from GlobalData. The market intelligence firm’s latest report predicts global battery storage capacity will grow at a compound annual […]
APAC to lead global battery energy storage market
The Asia-Pacific (APAC) region is set to lead the global battery energy storage market, accounting for 68% of the global market value through 2026, with China, Japan, India, South Korea and Australia propelling the regional market. That’s according to GlobalData’s latest report, ‘Battery Energy Storage Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, […]
Global battery energy storage market to grow to $13.13bn
The global battery energy storage market will grow to $13.13bn by 2023, with Asia-Pacific (APAC) and EMEA the dominant markets. The report from GlobalData reveals that a fall in technology prices and increasing pace of development in the power market are the primary driving factors for the growth. APAC will continue to be the largest […]