U.S. Energy Storage Surges 46% In Q3; 2018 Could Be A Breakout Year For Vanadium Batteries
Summary U.S. energy storage increases 46% in third quarter. Hawaii, California, Massachusetts aim to be powered by 100% renewable energy by 2045. Global storage market to double six times by 2030 to a total of 305 GWh. China reportedly started construction of world’s biggest 800 MWh battery and it’s made with vanadium. Lithium batteries’ parasitic load factor and scalability may hamper growth. Vanadium batteries could start dominating the utility energy storage sector due to their...
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