ABB and Gravitricity, a UK-based company that specializes in gravity energy storage, have signed a deal to investigate how hoist knowledge and technologies may hasten the creation and installation of gravity energy storage systems in abandoned mines.
The world leader in intelligent, healthy, and environmentally friendly building solutions, Johnson Controls, has announced the release of its Lithium-Ion Risk Prevention System. The system's design aims to offer early-warning battery failure detection for Lithium-Ion Energy Storage Systems (ESS) and other Lithium-Ion battery-using applications, like UPS systems in data centers and manufacturing plants.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5496
Published Date: Jan 04, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The aging electricity grid, penetration of Electric vehicles, increased adoption of renewable energy, and supportive government policies are some of the major drivers for the marketâ€™s growth.
The market size of intelligent energy storage system is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.
The major players in the market are Johnson Controls, Eos Energy Enterprises, Electrovaya, BSLBATT, Bloom Energy., WÃ¤rtsilÃ¤, Beacon Power, LLC, CODA Energy, Amperehour Solar Technology Pvt. Ltd., NEC Corporation, and others.
The lithium-ion Battery segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.