The world’s energy market is rapidly evolving, moving from hydrocarbon plants to a future centered around clean energy enabled by wind and solar power. As such, today’s energy market is shifting to an increasingly decentralized, real-time model based on distributed energy resources(DERs) include battery energy storage systems and solar arrays as well generators.

Recent data from Allied Market Research shows that global distributed energy generation market was a mere 1%. valuedAt $246.4 trillion in 2020, this figure will rise to $919.6 trillion by 2030.