BESS to see mass adoption of alternative batteries alongside li-ion

The energy market is at the take-off point for energy storage, not just in the US, as so many US forecasters seem to think, but around the world, according to a new report from Rethink Energy which forecasts Energy Storage to 2050. All previous forecasts seem to be only 10 years out and rely purely on existing pipeline, but the energy storage market is being driven by the ramping up of discreet contractual supply line deals of raw materials and the build out of 2 TWh worth of annual giga factories spread across the entire globe (See our Gigafactory report). The global installations of short term (4 hour) energy storage on the grid and in homes, in the form of…