The past few years have been disruptive for the energy storage market in Europe as well as the world. However, going by the trends and surveys, the European region is likely to lead the energy storage systems landscape to become one of the largest adopters of advanced energy storage systems by the year 2020.
When it comes to searching for a reliable energy storage system, batteries still hold the topmost position. The most significant lead in battery energy storage has been the shift from Nickel-Manganese-Cobalt (NMC) batteries to Lithium Titanate batteries that can recharge faster and provide higher current levels. Such advantages make Lithium Titanate batteries a suitable entrant into the e-vehicles arena.
Other groundbreaking technologies such as hydropower are being employed instead of exploiting the non-renewable resources, which adversely affect the environment and biodiversity. Besides being one of the most efficient and environment-friendly energy storage options, hydropower is the most competitive and reliable way of storing electricity as it requires comparatively less time to power up a grid and reverse power failures. On the other hand, grid storage offers electricity at a faster rate but at the same cost as other energy storage systems.
As CIOs of healthcare organizations plan to adopt more renewable energy storage systems and solutions, investing in the right solution provider emerges as the topmost priority for them. While multiple vendors ensure to cater to every demand and needs of firms, CIOs may still face some uncertainty in choosing one particular provider over another. In a bid to address such situation, a distinguished panel comprising of CEOs, CIOs, VCs, and analysts along with the editorial panel listed “Top 10 Energy Storage Solution Providers in Europe - 2019”.