Energy storage systems, the key enablers of the renewable energy future

N/A | September 18, 2018

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To make the global energy transition a reality we will need one tool in particular: affordable energy storage systems. Most of the times, when people think about the future of electrification their minds go immediately to electric vehicles. There is no doubt that the EVs sector will expand and thrive thanks to the technology of lithium-ion batteries: it’s predicted that the battery demand for electric vehicles could grow around 30% per year up to 2,300 GWh by 2030, and EVs would constitute over 80% of total battery demand by 2025-30. However, there is another sector that is often overlooked by many but that will represent a significant part of the market and will be critical for the decarbonization of the power sector: energy storage systems (ESS).

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VivoPower

VivoPower is an international solar power producer that develops, owns and operates PV solar projects in a capital efficient manner. VivoPower partners with long-term investors, suppliers and developers to accelerate the growth of its portfolio of solar projects. In addition, the Company provides critical energy infrastructure solutions to commercial and industrial customers throughout Australia.

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