Global Stationary Lithium-ion Battery Growth Opportunities Report 2022 - Featuring BYD, LG Chem and Panasonic
The "Global Stationery Lithium-ion Battery Growth Opportunities" report has been added to ResearchAndMarkets.com's offering. Stationary lithium-ion systems are key components of the energy storage architecture, which fulfill energy storage requirements for utilities, residential, and commercial customers. The global growth of renewable energy installations has increased intermittent energy production, creating an unbalanced grid. This has led to a demand for energy storage solutions to balance the grid during lean times and feed back into the grid during high requirement times. Lead-acid batteries and pumped hydro storage traditionally dominated the market. The focus on zero carbon emissions and need to move away from fossil fuels, namely coal, for power production prompt more governments to incentivize solar and wind power installations.