In a new report, Goldman Sachs analyst Brian Lee took an in-depth look at what he calls the “holy grail” of renewable energy: grid-scale power storage.

Battery technology is at the center of the shift away from traditional power, and Goldman gave a run-down of the trends in the space and which companies are the key players.

Untapped Gold Mine

The growth associated with electrification of the vehicle fleet is staggering. Goldman predicts that 15 percent of auto sales will be electric cars by 2025. The firm also forecasts a 42 percent compound annual growth in battery demand over the next 10 years.

“We estimate a secular shift to an IoT-driven power grid could require as much as 750GWh of batteries, bigger than all markets combines and equal to a TAM of $100-$150 billion,” Lee added.

Applications

Lee mentioned…

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