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Story summary
- The market for commercial and industrial battery energy storage systems is projected to reach US$21 billion by 2036.
- Demand across data centers, telecommunications, and agriculture will drive this growth.
- The report highlights a shift from VRLA batteries to lithium-ion and redox flow batteries, citing safety and longevity advantages.
- Increasing power demands of data centers, especially for AI applications, will necessitate advanced battery solutions to ensure reliability and efficiency.
