Investment in battery storage rose by 12% in H1 2018 to $539m, compared to the 2017 figure of $480m, according to a report by Mercom Capital Group. The growth is driven largely by Tesla’s Model 3 and its Gigafactory in Nevada, which will produce 500,000 cars per year once it opens later this year. He promised to build a 100 MW battery installation within 100 days or it would be free, and the scheme proved to investors batteries offer low risk but high rates of return.
Investment in battery storage rose by 12% in H1 2018 to $539m, compared to the 2017 figure of $480m, according to a report by Mercom Capital Group. In contrast, it revealed venture capital investments in every other clean energy sector had fallen, while an analysis of the past six months demonstrated a massive increase in the number of battery installations, following Elon Musk's 2017 Hornsdale Power Reserve project. He promised to build a 100 MW battery installation within 100 days or it would be free, and the scheme proved to investors batteries offer low risk but high rates of return.