Utility-scale battery storage to reach 12 GW, $8.44 billion by 2024

Utility-scale grid connected battery storage is set to reach up to 12 GW by 2024, while annual revenues will grow to around US$8.44 billion. The U.S. will be a leader, followed by China, Japan and Germany. Despite an overall positive outlook, there are significant market challenges to overcome. These are

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