Energy Storage as a Service Market will grow at highest pace owing to reduction in battery prices

North America accounts for the largest share of the current energy storage as a service market owing to supportive policies for clean energy adoption and grid modernization initiatives in the US and Canada. Power utilities in the region are extensively deploying stationary battery storage technologies to improve grid performance and integrate more renewables. The growing regional demand for electricity alongside increasing penetrations of rooftop solar installations are also propelling the energy storage deployment through third party ownership models.

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