EnergyWatch

Storms spur USD 22 billion investment in battery-backed grids

Resilient power supplies are in demand. According to one research firm, the next decade will see up to USD 22.3 billion of global investment in battery-backed local energy systems.

Photo: /ritzau/AP/Charlie Riedel

Growing demand for more resilient power supplies will spur USD 22.3 billion of global investment in battery-backed local energy systems over the next decade, according to Navigant Research.

Villages and homes in far-flung places will drive the expansion of microgrids, small-scale solar systems with batteries that can retain power until it's needed. Navigant expects 14.9 gigawatts to be in operational in 2026, up from 238 megawatts this year, according to a report Tuesday.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Baltic Pipe faces three-month delay

Danish TSO gets permission to resume pipe-laying efforts for most of the gas project, but other sections are postponed to next year. A "large portion" of the gas is expected to flow next year.

Further reading

Related articles

Latest News

See all jobs