Microgrids are gradually making their way from research labs and pilot demonstration sites into the growing economies, propelled by advancements in technology, declining costs, a successful track record, and expanding awareness of their advantages.
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NEC exits 4G/5G development – The company will stop investing in base station R&D while continuing to support existing deployments. Competitive pressure intensifies – European and Chinese vendors dominate roughly 80% of the global RAN market, squeezing smaller players.
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According to BloombergNEF, the world will need over 1,000 GW / 2,850 GWh of energy storage by 2040, with lithium-ion leading deployments. The International Energy Agency (IEA) anticipates battery storage capacity will have to scale up 20 times by 2030 to hit net-zero.
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Summary: Distributed photovoltaic (PV) systems combined with distributed energy storage (DES) are revolutionizing how industries and households manage energy.
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