Dublin, Oct. 11, 2024 (GLOBE NEWSWIRE) -- The "Growth Opportunities for the Grid-scale Battery Energy Storage Systems (BESS) Industry" report has been added to ResearchAndMarkets.com's offering. This study provides a regional-level forecast and analysis of how grid-scale BESS capacity and investments will evolve by 2035. Global grid-scale battery energy storage system (BESS) deployment experienced unprecedented growth in 2023, expanding 159.5% from 2022. BESS has rapidly become the fastest-growing clean energy technology, driven by the growth of wind and solar and the need for grid flexibility. The publisher forecasts cumulative grid-scale BESS capacity to grow nearly eight-fold, reaching 549.93 GW/1,549.02 GWh by 2030.

Source: The North Africa Journal October 11, 2024 13:08 UTC