FLNC - Evercore's two favorites to tap strength of 'third pillar' sector of energy storage

Citing "undeniable fundamentals" and a sector ripe for disruption, Evercore ISI is launching coverage on the energy storage ecosystem, set to solve the problems of intermittent power generation as the energy industry pivots to renewables. "The outlook for energy storage demand growth these next three decades is strong as the globe pivots towards decarbonization amid continued cost declines in battery prices," the firm says, taking a deep dive into the pros and cons of "many forms and flavors" of storage. Storage is a critical enabler of energy transition, it says, thanks to novel technologies combined with "significant" policy tailwinds. Energy storage is the next "mega theme" of transition, joining electric vehicle charging, carbon capture, and hydrogen, it adds. Today, storage technologies collect energy from the grid or a nearby power plant and release it to the grid when energy is later needed. "While simple in theory, the complex regulations and

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Evercore's two favorites to tap strength of 'third pillar' sector of energy storage