HOW RAPIDLY WILL THE GLOBAL ENERGY STORAGE MARKET GROW?
Global installed energy storage capacity is forecasted to expand 56% to reach over 270 GW by 2026.
The main driver is the increasing need for system flexibility and storage around the world to fully utilize and integrate larger shares of variable renewable energy into power systems.
Universal Kraft is working with partners to develop compressed air storage solutions. Developing a new technology in which a compressor is used to pump air into the ground or tank for storage, that is then reversed when the energy is needed, into a generator.