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IN THE NEWS
THE WORLD IS WATCHING
INDUSTRY AND INTERNATIONAL LEADERS ARE COMMITTING TO A NET ZERO CARBON EMISSION FUTURE. THE FIGHT AGAINST CLIMATE CHANGE IS NOW AND THE ONLY PATH FORWARD IS VIA RENEWABLE ENERGY SOLUTIONS WITH SCALE.
THE MECHANICAL BATTERY
The global flywheel energy storage market size was valued at 312.1 million USD in 2019 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.4% from 2020 to 2027.
Rising demand for continuous and clean electricity supply in end-use markets along with the growing energy storage industry is expected to drive the market over the forecast period.
There is no lighthouse brand that owns the flywheel space, with Phos Global's continued innovations we believe the CAGR is exponentially higher.
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