Battery storage, without doubt, has been one of the most disruptive technologies embraced by the power sector. Over the last decade, low-cost storage solutions have transformed the power landscape with profound implications. The growing market for consumer electronics and rising demand for electric vehicles (EV) have led to storage prices dropping faster than everybody’s expectations. Several players across Europe, Asia, and the U.S. have significantly scaled their lithium-ion manufacturing capacity to serve EV and other power applications.
Battery storage is rapidly becoming an economical option for many commercial customers to reduce their peak consumption levels. The technology now plays a broader role in energy markets, moving from niche uses such as grid balancing to more significant ones such as replacing conventional power generators for reliability, providing power-quality services, and supporting renewables integration. With regulatory changes pare backing incentives for renewable energy sources, combining solar with storage to enable households to make and consume their power on demand instead of exporting power to the grid is beginning to be an attractive opportunity for customers. The battery storage space will continue to expand, transforming the operations of grids and power markets and the ways in which customers consume and produce power.
To make this task easier and assist leaders in identifying the right battery storage solution providers, Energy Tech Review presents to you “Top 10 Battery Storage Solutions Providers 2022.” A distinguished panel comprising CEOs, CIOs, VCs, Analysts, and the Energy Tech Review editorial board has selected the most promising battery storage solution providers. In our selection process, we looked at the company’s offerings, core competency, news/ press releases, client testimonials, milestones, and other recognition.
