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Citigroup Predicts Battery Storage...

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    Citigroup Predicts Battery Storage Will Hasten Demise Of Fossil Fuels

    Investment bank says wide deployment of battery storage will hasten the demise of fossil fuels and utilities that remain focused on centralised generation. It tips rapid fall in costs and a $400bn storage market by 2030.

    Investment bank Citigroup predicts that the wide deployment of battery storage technologies will hasten the demise of fossil fuels across the globe in the coming decade, including oil, coal and gas.

    And it also warns that the battery phenomenom will be even more profound than the solar revolution currently sweeping the globe, and will sweep aside any traditional utilities that remain focused on centralised generation.


    http://cleantechnica.com/2015/01/31...mpaign=Feed: IM-cleantechnica (CleanTechnica)

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