Techworld – “Powervault is transforming domestic energy storage”
The loss of coal and the closure of nuclear power stations could lead electricity demand to exceed supply by 40–55 percent by 2025. Without dramatically improved storage options, it will remain incapable of supporting the maximum levels of demand. Powervault offers a solution.
Powervault is disrupting the energy storage market at an opportune time. The business models of larger utilities have traditionally relied on large centralised power stations and spending billions of pounds to spend on network infrastructure, but industry developments are forcing them to rethink their practices.
Powervault is both part of the existing ecosystem as well as the new player. This balance between the past and the future is a powerful position for the company as an energy crisis looms.