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Superior Lithium Ion Batteries for Energy Storage and E-Mobility

 Gitanjali Das Gupta
Description: Global Energy Storage Market Growth Forecast: ~0.5GW installed in 2014, Overall market value is expected to reach $114 billion by 2017 and $400 billion by 2030, Market expected to reach 21GW by 2024, 44% annual CAGR- Driven changing utility landscape requiring significantly more energy storage capacity,Development of new generation technologies including flow batteries, Li-ion batteries are expected to dominate short-duration market segments, Demand for batteries for grid applications is underlined by the exponential growth of demand for advanced batteries for grid applications, Revenue is estimated to grow at a CAGR of 63% annually to reach nearly $24.5B in 2024, Addressable market of more than $3.5B by 2023 for Electrovaya, Utility market growth 45% CAGR, Microgrid market growth 35% CAGR, 2020 Market size total ESS ~ 8GW, LD storage market share assumed at ~10% today, Stronger Growth in Utility scale from 2018 onwards, Microgrids are the solution to weak grid infrastructures.
Views: 1419
Domain: Energy
Category: Battery & Fuel Cell
Contributing Organization: Electrovaya
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19 JULY 2016

The New Electrovaya (EFL:TO)
Superior Lithium Ion Batteries for
Energy Storage and E-Mobility
Gitanjali Das Gupta, COO

EFL (Toronto Stock Exchange - TSX)



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