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Battery market seen growing to US$250b or more by 2040

Bloomberg New Energy Finance's findings indicate a further challenge to the traditional utility business model

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Batteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionising the way consumers use energy.

London

BATTERIES capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionising the way consumers use energy.

That's the conclusion of Bloomberg New Energy Finance (BNEF), which forecasts the battery market may be valued

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