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Energy stationary storage is growing at a higher pace than any other segment in the battery market today, with demand expected to continue to be significant in the coming years.
Iola Hughes of Rho Motion told the Investing News Network that one of the trends seen in this sector has been the scale of the new projects coming online. “Last year, we saw around 75 gigawatt hours installed across the grid and behind the meter markets, and that’s across all the different chemistries,” she said. “In 2023, we are expecting the market to double.”
This interview was recorded at the Battery Gigafactories Europe event, held from March 28 to 29, 2023.
#Investing #Batteries #Lithium
0:00 – Intro
0:25 – Trends in energy storage
1:31 – Europe’s growth compared to other regions
3:39 – European legislation
5:46 – What drives battery chemistry choice in energy storage?
7:26 – China’s technology choice
9:38 – Sodium-ion batteries
12:18 – Could sodium ion batteries disrupt the EV market?
13:36 – Other catalysts to watch out for in energy storage
14:33 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.