June 10, 2020
Energy storage market for microgrids may exceed $40B by 2030, Guidehouse finds
Nearly 37 GW of new energy storage for microgrids capacity is expected to be installed globally over the next 10 years, generating approximately $40.1 billion in revenue, a report released Tuesday by Guidehouse Insights concludes. “Innovation in business models and financing” in energy storage systems for microgrids “are key drivers propelling the market forward, and the most successful companies are unlocking the potential of these new business and financing models to reduce the risk and upfront costs to customers,” Guidehouse Insights said in a statement.
