Whitepaper: Capitalizing on the growth of battery energy storage in North America
Battery energy storage presents a USD 24 billion investment
opportunity in the United States and Canada through 2025. More than
half of US states have adopted renewable energy goals, such as
California's target of 100% clean energy by 2045.
As a critical component of the energy transition, energy storage
systems are needed to help balance renewable intermittency, provide
a cost-effective and low-emission source of critical capacity, and
empower customers to manage their energy demand.
This whitepaper reflects on available opportunities across the
battery energy storage industry focusing on the market development
in the United States and Canada. Highlighting throughout the
importance this holds for investors, developers, and suppliers. As
energy storage is pivotal in enabling the energy transition across
sectors, working effectively across stakeholder groups to help
realize the full potential battery energy storage technology
offers, will unlock significant growth not just in the next few
years but lay the foundation for a long-term acceleration in
deployment.
Download the full whitepaper to understand how cost-competitiveness and a conductive policy environment is driving growth in the North American market:
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.