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Citigroup Predicts Battery Storage Will Hasten Demise Of Fossil Fuels, Utilities Focused on Centralized Generation

February 6th, 2015

Disclosure: I sell solar power systems in New Zealand.

Via: Clean Technica:

Investment bank Citigroup predicts that the wide deployment of battery storage technologies will hasten the demise of fossil fuels across the globe in the coming decade, including oil, coal and gas.

And it also warns that the battery phenomenon will be even more profound than the solar revolution currently sweeping the globe, and will sweep aside any traditional utilities that remain focused on centralised generation.

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