---
title: Charging the World in a More Sustainable Manner
description: Flow batteries are steadily growing in importance as the world shifts to more sustainable methods of energy storage and charging. Read more in our latest blog.
image: https://blog.bccresearch.com/hubfs/Blog_Images/Batteries.jpg
---

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# Charging the World in a More Sustainable Manner

![](https://blog.bccresearch.com/hubfs/bcc_blog-2022/blogs/author.svg) [ Dr. Helia Jalili](https://blog.bccresearch.com/author/dr-helia-jalili)

![date](https://blog.bccresearch.com/hubfs/bcc_blog-2022/blogs/date.svg)

Mar 15, 2022

[Blog](https://blog.bccresearch.com/) ** [Energy & Sustainability](https://blog.bccresearch.com/topic/energy-sustainability) ** Charging the World in a More Sustainable Manner

We all need reliable, cheap, scalable, and environmentally friendly sources of electricity. Unfortunately, there is a fundamental problem with renewable energy: load balancing.

A renewable solution? Flow batteries.

Flow batteries—rechargeable electrochemical cells, where chemical energy is produced by two chemical components dissolved in electrolyte liquid—are gaining significant traction due to their sustainability for large-scale storage applications. Flow batteries are also among the safest batteries, and have a long lifecycle, making them highly suitable for large-scale long-term storage applications.

Furthermore, advancements in flow battery technologies reduce system costs - another favorable indicator for flow battery users.

The global market for flow batteries was valued at $247.6 million in 2020 and is projected to reach $1 billion by 2026. The market is poised to grow at a compound annual growth rate (CAGR) of 28.6%.

In terms of the inner workings of the flow batteries industry, we spoke to a specialist on the matter. Specifically, on where the flow batteries market is headed in the next 10-15 years. Here is what Hugh McDermott, SVP of Sales and Business Development at ESS Inc. had to say about it:

“The International Renewable Energy Agency (IRENA) anticipates a three-fold increase in global renewable electricity generation over the next 30 years. A recent [report from Guidehouse](https://guidehouseinsights.com/news-and-views/an-upcoming-decade-of-long-duration-storage) predicts that by 2030, more than 30 GWh of long-duration storage—representing nearly 40% of the total amount of storage deployed that year—will be installed in the global market. That’s a ten-fold increase compared to today.”

Learn more about the future of renewable energy and how sustainability is being implemented across different markets with our latest eBook, Sustainability Now | Building a Better Planet.

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