The battery energy storage system market is expected to grow at a CAGR of 33.9 percent between 2018 and 2023 – from USD 1.98 billion in 2018 to reach USD 8.54 billion by 2023, says a new report from Reportlinker. Increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices […] The post Battery energy storage system market to grow at 33.9% in 5 yrs appeared first on GreentechLead.