Advanced Energy Storage Systems Market Competitive Growth and Development- LG Chem, ABB, Nippon, Toshiba, BYD Company and More
The market is anticipated to witness increase in the utilization over the coming years due to rising concerns associated with CO2 and GHG emissions. U.S. Department of Energy (DOE) has proposed the Public Utility Regulatory Policies Act (PURPA) for the development of renewable energy resources. Presence of such stringent regulations will improve the industry outlook for advanced energy storage systems. Furthermore, the ability of the product to provide standby power for utility transmission & critical loads coupled with growing scope...
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