再生可能エネルギー貯蔵の世界市場-2024-2031

概要

世界の再生可能エネルギー貯蔵市場は、2023年に9億4,990万米ドルに達し、2031年には22億5,300万米ドルに達すると予測され、予測期間2024年～2031年のCAGRは11.4%で成長します。

エネルギー貯蔵の先端技術は、送電網の回復力、安定性、信頼性を向上させるために不可欠です。特に再生可能エネルギーの割合が高まるにつれて、電力網を安定的かつ効果的に維持するために必要なグリッドサービスを提供します。このサービスには、周波数制御、電圧サポート、ピークカット、負荷シフト、バックアップ電源などが含まれ、市場の成長を後押しします。

再生可能エネルギー貯蔵を促進する主な要因のひとつは、持続可能なエネルギーへの移行と脱炭素化です。世界的に、産業界、電力会社、政府は、エネルギーミックスにおける再生可能エネルギーの比率を高め、温室効果ガス排出量を削減し、化石燃料を段階的に廃止するという野心的な目標を設定しています。エネルギー貯蔵は持続可能性の目標を促進し、再生可能エネルギー源の効率的な統合を可能にします。

欧州は、主要企業による急速な拡大により、市場を独占している地域です。例えば、2022年10月25日、世界有数の再生可能エネルギー企業であるMasdarは、再生可能エネルギー貯蔵市場を前進させるためにArlington Energyを買収しました。この買収は、マスダールが英国や欧州の再生可能エネルギー市場でプレゼンスを拡大し、各国のネットゼロ目標を支援するのに役立ちます。

ダイナミクス

再生可能エネルギー源の統合

太陽光発電や風力発電のような再生可能エネルギー源は本質的に断続的であるため、天候や時間帯が発電量に影響を与えます。発電量が多い間は余分な電力を保持し、需要が供給を上回ったときに放出することで、エネルギー貯蔵技術はこの間欠性を軽減するのに役立ちます。再生可能エネルギー・システムは、このような機能を持つことで、エンドユーザーや系統運用者にとってより実行可能で魅力的なものとなり、信頼性と安定性が高まる。系統の調和と適応性は、エネルギー貯蔵システムと再生可能エネルギー源の統合によって可能になります。エネルギー貯蔵は、再生可能エネルギー出力の変動や電力需要の急激な変化に素早く適応することで、送電網の安定性を維持し、ピーク負荷を下げ、エネルギー供給と消費のパターンを最適化するのに役立ちます。

晴れの日や風の強い日など、発電量の多い時間帯に余分なエネルギーを取り込んで保持することで、エネルギー貯蔵は再生可能エネルギー源の最も効率的な利用を可能にします。再生可能エネルギーの出力が低い時や需要が高い時にこの貯蔵エネルギーを使用することで、化石燃料ベースの電源からのバックアップ電力を必要とすることなく、クリーンで再生可能なエネルギーがその潜在能力を最大限に活用されます。

エネルギー貯蔵技術の進歩

エネルギー貯蔵の技術的進歩は、エネルギー密度の向上につながり、より小さな物理的設置面積でより多くのエネルギーを貯蔵することを可能にします。これは、住宅や電気自動車（EV）のようにスペースが限られている用途では特に重要で、システム設計や統合の柔軟性を高めることができるからです。急速な充放電速度、より低い自己放電率、より高い往復効率といった性能パラメータの向上は、最近のエネルギー貯蔵デバイスによって示されています。エネルギー貯蔵システムは、これらの改善により、より信頼性が高く、応答性が高く、経済的なものとなり、プロジェクト開発者やエンドユーザーにとってより魅力的なものとなっています。

電池の化学的性質や製造工程が改善され、エネルギー貯蔵デバイスのサイクルが長くなっています。バッテリーのような蓄電技術は、顕著な劣化を示すことなく、より多くの充放電サイクルに耐えることができるようになった。規模の経済により、エネルギー貯蔵技術は従来の選択肢よりも手頃な価格で競争力を持つようになった。蓄電容量1キロワット時あたりのコストが低下することで、再生可能エネルギー蓄電プロジェクトの経済性が向上し、投資と導入が促進されます。

再生可能エネルギー貯蔵の高い初期費用

再生可能エネルギー貯蔵システムに必要な多額の初期費用は、投資家、電力会社、プロジェクト開発者、そしてエンドユーザーの意欲をそぐ。エネルギー貯蔵プロジェクトは、投資収益率（ROI）期間が長いこともあり、将来の収入源やコスト削減の不確実性から、投資家候補はコミットメントをためらうかもしれないです。エネルギー貯蔵システムは初期価格が高価なため、家庭用や小規模用途の多くのユーザーには手が届かないかもしれないです。再生可能エネルギー技術の消費者導入は、手頃な価格に大きく影響され、価格が高すぎる場合、市場浸透と導入の妨げとなります。

化石燃料やその他の従来型エネルギー源は、歴史的に確立されたインフラと安価な初期コストの恩恵を受けてきました。経済的競争力という点では、再生可能エネルギー発電の初期費用の高さは、特に貯蔵を持たない従来の発電技術と比較した場合、不利になる可能性があります。高い初期費用は、再生可能エネルギー貯蔵プロジェクトに関連するリスクを増加させる。投資家や融資担当者は、技術の性能、市場の需要、規制の変更、長期的な収益予測に関連する不確実性のために、リスク回避を示す可能性があります。これは、エネルギー貯蔵イニシアチブに対する資金や資本の利用可能性を制限する可能性があります。

目次

第1章 調査手法と調査範囲

第2章 定義と概要

第3章 エグゼクティブサマリー

第4章 市場力学

• 影響要因
  • 促進要因
    • 再生可能エネルギー源の統合
    • エネルギー貯蔵技術の進歩
  • 抑制要因
    • 再生可能エネルギー貯蔵の初期コストの高さ
  • 機会
  • 影響分析

第5章 産業分析

• ポーターのファイブフォース分析
• サプライチェーン分析
• 価格分析
• 規制分析
• ロシア・ウクライナ戦争影響分析
• DMIの見解

第6章 COVID-19分析

第7章 タイプ別

• 風力発電
• 水力発電
• 太陽光発電
• バイオエネルギー
• その他

第8章 テクノロジー別

• 蓄電池
• 揚水発電
• フライホイールエネルギー貯蔵
• 熱貯蔵
• その他

第9章 エンドユーザー別

• 住宅用
• 産業用
• 商業用

第10章 地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • イタリア
  • スペイン
  • その他欧州
• 南米
  • ブラジル
  • アルゼンチン
  • その他南米
• アジア太平洋
  • 中国
  • インド
  • 日本
  • オーストラリア
  • その他アジア太平洋地域
• 中東・アフリカ

第11章 競合情勢

• 競合シナリオ
• 市況/シェア分析
• M&A分析

第12章 企業プロファイル

• Delta Electronics, Inc.
  • 会社概要
  • 製品ポートフォリオと説明
  • 財務概要
  • 主な発展
• General Electric Company
• Hitachi, Ltd.
• Siemens Energy
• Tesla, Inc.
• Toshiba Corporation
• Trina Solar Co., Ltd.
• ABB Ltd.
• EVLO Energy Storage Inc.
• NEC Corporation

第13章 付録

Overview

Global Renewable Energy Storage Market reached US$ 949.9 Million in 2023 and is expected to reach US$ 2,253.0 Million by 2031, growing with a CAGR of 11.4% during the forecast period 2024-2031.

Advanced technologies for energy storage are essential for improving the resilience, stability and dependability of the grid. It provide grid services that are necessary to keep an electrical grid stable and effective, particularly as the percentage of renewable energy grows. The services include frequency control, voltage support, peak shaving, load shifting and backup power which helps to boost market growth.

One of the main forces driving renewable energy storage is the world's transition to sustainable energy and decarbonization. Globally, industry, utilities and governments are establishing ambitious targets to boost the proportion of renewable energy in the energy mix, decrease greenhouse gas emissions and phase out fossil fuels. Energy storage promotes sustainability objectives and allows for the efficient integration of renewable energy sources.

Europe is the dominating region in the market due to the rapid expansion by the major key players. For instance, on October 25, 2022, Masdar, one of the world's leading renewable energy companies acquired Arlington Energy to Advance Renewable Energy Storage Market. The acquisition helps Masdar to expand its presence in UK and European renewable energy markets and support countries' net-zero objectives.

Dynamics

Integration of Renewable Energy Sources

As renewable energy sources like solar and wind power are inherently intermittent, the weather and time of day have an impact on the amount of electricity they can produce. By holding extra electricity while generation is high and releasing it when demand exceeds supply, energy storage technologies assist reduce this intermittency. Renewable energy systems become more viable and appealing to end-users and grid operators when they have this feature, which increases their dependability and stability. Grid harmony and adaptability are enabled by the integration of energy storage systems with renewable energy sources. Energy storage helps to preserve grid stability, lower peak loads and optimize patterns of energy supply and consumption by quickly adapting to variations in renewable output or abrupt changes in power demand.

By taking in and holding onto extra energy during high-generation times, such as sunny or windy days, energy storage allows the most efficient use of renewable energy sources. By using this stored energy at times of low renewable output or high demand, clean, renewable energy is used to its fullest potential without the need for backup power from fossil fuel-based sources.

Advancements in Energy Storage Technologies

Technological advances in energy storage lead to increased energy densities, which enable the storage of more energy in a smaller physical footprint. It is especially important for applications where space is limited, such as residences or electric vehicles (EVs), as it enables more flexibility in system design and integration. Improved performance parameters, such as quicker charging and discharging rates, lower self-discharge rates and greater round-trip efficiency, are shown by more recent energy storage devices. Energy storage systems are now more dependable, responsive and economical due to these improvements, which makes them more appealing to project developers and end-users.

Battery chemistries and manufacturing processes have improved, leading to longer cycle for energy storage devices. The days, storage technologies such as batteries can withstand a higher number of charge-discharge cycles without exhibiting noticeable deterioration, hence lowering maintenance costs and extending their operational lifespans. Because of economies of scale, energy storage technologies are now more affordable and competitive than traditional options. Declining costs per kilowatt-hour of storage capacity enhance the economic viability of renewable energy storage projects and stimulate more investment and deployment.

High Initial Costs of the Renewable Energy Storage

The large initial expenditure necessary for renewable energy storage systems discourages investors, utilities, project developers and end-users from undertaking such endeavors. Energy storage projects sometimes have a lengthy return on investment (ROI) period and prospective investors may be hesitant to commit due to the uncertainty around future income streams and cost reductions. Due to their expensive initial prices, energy storage systems may be beyond reach for many users in household and small-scale applications. Consumer adoption of renewable energy technology is heavily influenced by affordability and when prices are excessive, this hinders market penetration and implementation.

Fossil fuels and other conventional energy sources historically benefited from established infrastructure and cheaper initial costs. In terms of economic competitiveness, the high initial expenditures of renewable energy storage might be a disadvantage, particularly when contrasted with conventional power-generating techniques that lack storage. High initial costs increase the perceived risk associated with renewable energy storage projects. Investors and financiers may exhibit risk aversion due to uncertainties related to technology performance, market demand, regulatory changes and long-term revenue projections. It can limit the availability of funding and capital for energy storage initiatives.

Segment Analysis

The global renewable energy storage market is segmented based on type, technology, end-user and region.

Solar power is Dominating Type in the Renewable energy storage Market

Based on the type, the renewable energy storage market is segmented into wind power, hydroelectric power, solar power, bioenergy and others.

One of the main factors propelling the development of solar power type renewable energy storage is the global increase in the setup of solar PV systems. Energy storage technologies are becoming increasingly necessary to control intermittent solar power, store excess energy and maintain grid stability as solar PV installations increase. Because of daily/seasonal cycles, weather and fluctuations in sunshine availability, solar power is essentially intermittent. Batteries and other energy storage devices make it feasible to harvest and store solar energy during periods of high solar output and release it during times of high demand or low solar generation, therefore reducing volatility and enhancing grid resiliency.

Energy storage complements solar power by providing grid flexibility and stability. Energy storage systems help control peak loads, balance supply and demand, reduce the curtailment of excess solar power and improve grid resilience against disruptions or swings in solar output as solar energy becomes a greater portion of the grid's energy balance. Energy storage technologies, especially lithium-ion batteries, have been getting cheaper over time, which makes solar power integration with them more feasible and economical. Reduced prices per kilowatt-hour (kWh) of storage capacity boost the market's expansion and make solar plus storage projects economically feasible. The growing product launches by the major key players help to boost segment growth over the forecast period. For instance, on January 11, 2024, First Solar Inc. launched a 3.3 GW manufacturing facility in India. The new plant can produce 7 photovoltaic (PV) solar modules, developed in US and optimized for the Indian market.

Geographical Penetration

Europe is Dominating the Renewable Energy Storage Market

Energy independence, greater utilization of renewable energy and a reduction in greenhouse gas emissions are the objectives of Europe's strict renewable energy laws and targets. Investments in renewable energy storage are encouraged by programs like the Renewable Energy Directive and the European Green Deal, which are important parts of the energy transition. When it comes to including renewable energy sources like hydropower and wind in its energy mix, Europe has made significant progress. Energy storage systems are critical to the effective integration of renewable energy sources because they regulate intermittent renewable supply, maintain grid stability and optimize energy consumption.

The widespread use of cutting-edge energy storage technology and solutions is leading to changes in European nations. The includes developments in thermal energy storage, battery storage, pumped hydro storage and hydrogen storage that are backed by financial incentives and research and development programs. More adaptable and durable networks are becoming a standard in Europe's energy environment. Energy storage systems improve the flexibility and efficiency of the grid by offering grid services including demand response, voltage support, peak shaving and frequency management. According to the data given by InnoEnergy, the share of Europe is estimated to reach around 69% by 2031 (39% in 2022).

Competitive Landscape

The major global players in the market include Delta Electronics, Inc., General Electric Company, Hitachi, Ltd., Siemens Energy, Tesla, Inc., Toshiba Corporation, Trina Solar Co., Ltd., ABB Ltd., EVLO Energy Storage Inc. and NEC Corporation.

COVID-19 Impact Analysis

Lockdowns, travel restrictions and manufacturing and logistical difficulties during the pandemic's early stages created problems for the supply chain. The resulted in project delays and hindered market expansion by affecting the supply of parts, raw materials and equipment required for renewable energy storage systems. Due to labor shortages, supply chain interruptions and building limitations put in place to stop the virus's spread, many renewable energy projects including those involving energy storage solutions saw delays. The led to postponed installations and commissioning of energy storage systems.

The pandemic's effects on the economy, including as decreased consumer spending, volatile markets and budget cuts, caused an interruption to investment choices in the renewable energy industry. Emerging energy storage initiatives have been hampered by funding issues and investor risk aversion. Changes in energy demand patterns due to lockdowns, remote working and shifts in economic activities impacted the utilization and optimization of energy storage systems. Fluctuations in energy demand profiles and grid dynamics influenced the value proposition and business case for energy storage deployments.

Russia-Ukraine War Impact Analysis

Supply chains for essential components required in renewable energy storage technologies such asr are earth elements or lithium for batteries for wind turbine magnets are disrupted by the war. It can cause manufacturing delays, pricing volatility and shortages, which could delay the global implementation of energy storage systems. International trade agreements, taxes and export-import laws about renewable energy storage systems and components may be impacted by geopolitical tensions emanating from the war. Trade restrictions or political unrest in important exporting areas might impede investment and market expansion.

The war may divert attention and resources away from global energy transition efforts, including investments in renewable energy and energy storage infrastructure. Governments and industries may prioritize security and stability over climate-related initiatives, slowing down the pace of renewable energy adoption and storage deployment. The conflict may raise concerns about energy security, particularly in regions dependent on energy imports from Russia or Ukraine. The could lead to efforts to enhance domestic energy production, storage and resilience, potentially boosting demand for renewable energy storage solutions in affected regions.

By Type

• Wind Power
• Hydroelectric Power
• Solar Power
• Bio Energy
• Others

By Technology

• Battery Storage
• Pumped Hydro Storage
• Flywheel Energy Storage
• Thermal Storage
• Others

By End-User

• Residential
• Industrial
• Commercial

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On March 19, 2024, Goodenough Energy launched India's first battery energy storage gigafactory in Jammu and Kashmir by October. The project has expanded its capacity to 20 GWH by 2027. India aims for 500 GW of renewable energy capacity by 2031, with US$452 million incentives.
• On September 14, 2023, Hithium, a Lithium-ion and energy storage system (ESS) manufacturer launched a 5MWh energy storage container solution in the market. It contains 48 battery modules using Hithium's new 314 Ah lithium iron phosphate (LFP) cells.
• On January 11, 2024, Plus Power announced its Kapolei Energy Storage facility in Oahu, Hawaii, the most advanced grid-scale battery energy storage system in the world. It helps transition the state's electric power from coal and oil to solar and wind. The KES battery project, located on 8 acres of industrial land on the southwest side of Oahu near Honolulu, uses 158 Tesla Megapack 2 XL lithium iron phosphate batteries, each roughly the size of a shipping container.

Why Purchase the Report?

• To visualize the global renewable energy storage market segmentation based on type, technology, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of renewable energy storage market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global renewable energy storage market report would provide approximately 62 tables, 57 figures and 160 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1.Methodology and Scope

• 1.1.Research Methodology
• 1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

• 3.1.Snippet by Type
• 3.2.Snippet by Technology
• 3.3.Snippet by End-User
• 3.4.Snippet by Region

4.Dynamics

• 4.1.Impacting Factors
  • 4.1.1.Drivers
    • 4.1.1.1.Integration of Renewable Energy Sources
    • 4.1.1.2.Advancements in Energy Storage Technologies
  • 4.1.2.Restraints
    • 4.1.2.1.High Initial Costs of the Renewable Energy Storage
  • 4.1.3.Opportunity
  • 4.1.4.Impact Analysis

5.Industry Analysis

• 5.1.Porter's Five Force Analysis
• 5.2.Supply Chain Analysis
• 5.3.Pricing Analysis
• 5.4.Regulatory Analysis
• 5.5.Russia-Ukraine War Impact Analysis
• 5.6.DMI Opinion

6.COVID-19 Analysis

• 6.1.Analysis of COVID-19
  • 6.1.1.Scenario Before COVID-19
  • 6.1.2.Scenario During COVID-19
  • 6.1.3.Scenario Post COVID-19
• 6.2.Pricing Dynamics Amid COVID-19
• 6.3.Demand-Supply Spectrum
• 6.4.Government Initiatives Related to the Market During Pandemic
• 6.5.Manufacturers Strategic Initiatives
• 6.6.Conclusion

7.By Type

• 7.1.Introduction
  • 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 7.1.2.Market Attractiveness Index, By Type
• 7.2.Wind Power*
  • 7.2.1.Introduction
  • 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3.Hydroelectric Power
• 7.4.Solar Power
• 7.5.Bio Energy
• 7.6.Others

8.By Technology

• 8.1.Introduction
  • 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 8.1.2.Market Attractiveness Index, By Technology
• 8.2.Battery Storage*
  • 8.2.1.Introduction
  • 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3.Pumped Hydro Storage
• 8.4.Flywheel Energy Storage
• 8.5.Thermal Storage
• 8.6.Others

9.By End-User

• 9.1.Introduction
  • 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.1.2.Market Attractiveness Index, By End-User
• 9.2.Residential*
  • 9.2.1.Introduction
  • 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3.Industrial
• 9.4.Commercial

10.By Region

• 10.1.Introduction
  • 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 10.1.2.Market Attractiveness Index, By Region
• 10.2.North America
  • 10.2.1.Introduction
  • 10.2.2.Key Region-Specific Dynamics
  • 10.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 10.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.2.6.1.U.S.
    • 10.2.6.2.Canada
    • 10.2.6.3.Mexico
• 10.3.Europe
  • 10.3.1.Introduction
  • 10.3.2.Key Region-Specific Dynamics
  • 10.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 10.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.3.6.1.Germany
    • 10.3.6.2.UK
    • 10.3.6.3.France
    • 10.3.6.4.Italy
    • 10.3.6.5.Spain
    • 10.3.6.6.Rest of Europe
• 10.4.South America
  • 10.4.1.Introduction
  • 10.4.2.Key Region-Specific Dynamics
  • 10.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 10.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.4.6.1.Brazil
    • 10.4.6.2.Argentina
    • 10.4.6.3.Rest of South America
• 10.5.Asia-Pacific
  • 10.5.1.Introduction
  • 10.5.2.Key Region-Specific Dynamics
  • 10.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 10.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.5.6.1.China
    • 10.5.6.2.India
    • 10.5.6.3.Japan
    • 10.5.6.4.Australia
    • 10.5.6.5.Rest of Asia-Pacific
• 10.6.Middle East and Africa
  • 10.6.1.Introduction
  • 10.6.2.Key Region-Specific Dynamics
  • 10.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 10.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
  • 10.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11.Competitive Landscape

• 11.1.Competitive Scenario
• 11.2.Market Positioning/Share Analysis
• 11.3.Mergers and Acquisitions Analysis

12.Company Profiles

• 12.1.Delta Electronics, Inc.*
  • 12.1.1.Company Overview
  • 12.1.2.Product Portfolio and Description
  • 12.1.3.Financial Overview
  • 12.1.4.Key Developments
• 12.2.General Electric Company
• 12.3.Hitachi, Ltd.
• 12.4.Siemens Energy
• 12.5.Tesla, Inc.
• 12.6.Toshiba Corporation
• 12.7.Trina Solar Co., Ltd.
• 12.8.ABB Ltd.
• 12.9.EVLO Energy Storage Inc.
• 12.10.NEC Corporation

LIST NOT EXHAUSTIVE

13.Appendix

• 13.1.About Us and Services
• 13.2.Contact Us