EnergyWatch

Storms spur USD 22 billion investment in battery-backed grids

Resilient power supplies are in demand. According to one research firm, the next decade will see up to USD 22.3 billion of global investment in battery-backed local energy systems.

Photo: /ritzau/AP/Charlie Riedel

Growing demand for more resilient power supplies will spur USD 22.3 billion of global investment in battery-backed local energy systems over the next decade, according to Navigant Research.

Villages and homes in far-flung places will drive the expansion of microgrids, small-scale solar systems with batteries that can retain power until it's needed. Navigant expects 14.9 gigawatts to be in operational in 2026, up from 238 megawatts this year, according to a report Tuesday.

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