AXIS Insurance and The Renewables Consulting Group (“RCG”) have co-published a report that examines the opportunities and challenges for businesses, governments, utilities and other organizations that wish to invest in the $19 billion global energy storage market , specifically the fast-growing battery storage sector.
“The benefit of and need for battery storage technologies is clear. But as in any rapidly maturing market, where new technologies are evolving at different rates of commercial readiness, deployment is complex and comes at a price. This report aims to provide stakeholders in the global energy storage market with an objective analysis of the opportunities and risks associated with battery storage so they can make an informed decision about what is right for their regions or business.” – Dr Steve Freeman, Director at RCG.
“… as in any rapidly maturing market, where new technologies are evolving at different rates of commercial readiness, deployment is complex and comes at a price.”
Dr Steve Freeman
Dr Lee Clarke
Chief Operating Officer; Global Practice Lead - Utilities & IPPs