106 | theceomagazine.com
A new energy storage revolution is on the
way, with batteries set to play a key role in
satisfying rapidly emerging global demand
for sustainable power.WORDS • SAM MCKEITHYOUR BATTERIES
RECHARGE!
RECHARGE!
A
s nations and businesses endeavour to satisfy the world’s
ever-growing thirst for energy, an unlikely saviour could be
around the corner – the humble battery.
Batteries may have been around since the early 1800s,
but it’s only now that they’re taking centrestage in the race to solve the
planet’s growing energy problem.
Thanks to progress in storage technology, coupled with a new focus
on the potential of renewables, experts predict that batteries will soon
comprise a substantial part of the power mix for millions of people around
the globe.
Indeed, the revolution is already underway, with a recent study by GTM
Research forecasting the value of the battery storage market in the US
alone will hit US$1.5 billion by 2019, up from just US$128 million in 2014. »INNOVATE | Power source