A new Rocky Mountain Institute report released the end of October, Breakthrough Batteries Powering the Era of Clean Electrification, continues to confirm that clean electrification of transport technology is advancing at an impressive rate.
For years, cleantech enthusiasts have been saying that battery storage would swiftly drop in price just as solar, wind, computers, flat-screen TVs, and other technologies did before it. A Rocky Mountain Institute (RMI) press release relates that, indeed, “exploding investment in battery technologies is revolutionizing the sector much faster than expected and setting in motion a seismic shift in how we will power our lives and organize energy systems as early as 2030.”
Breakthrough Batteries Powering the Era of Clean Electrification analyzed and focused on the major markets of China, the US, the European Union, and India.
There’s a huge market opportunity for #battery technology—new @RockyMtnInst report shows exploding investment in batteries is revolutionizing the sector much faster than expected. Read more: https://t.co/lLfgaS6O7U #Batteries #Renewables #EnergyTwitter pic.twitter.com/W3k82XqFuj
— Rocky Mountain Inst (@RockyMtnInst) October 30, 2019
“We can now say with confidence that the age of affordable battery technology is coming, and it’s happening faster than anyone expected,” said Madeline Tyson, senior associate at RMI and lead author of the report.
“We’re incredibly excited about what this accelerating pace of change means as we fight the climate crisis.
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