Installed energy storage enabling technology revenues expected to reach US$21.5 billion annually by 2024, says firm

With battery prices continuing to decrease, increased attention is being given to other areas of the stationary energy storage value chain, including energy storage system (ESS) integration. Energy storage systems integrators (ESSIs) are responsible for ensuring that ESSs meet the needs of the end user, and the scaling of the overall market will depend on how these companies approach the market. According to a recent report from Navigant Research, installed energy storage enabling technology revenues are expected to reach US$21.5 billion annually by 2024.

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