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The evolution of battery storage in commercial buildings represents one of the most significant shifts in building energy management of the past decade. Once viewed simply as backup power systems, today's battery energy storage systems (BESS) are sophisticated assets that enable buildings to participate actively in energy markets while enhancing resilience and sustainability. Our new report, 'Energy Management Software for Grid-Interactive Commercial Buildings 2024 to 2029' highlights that this transformation is driven by economics as much as technology. Global investment in battery storage nearly doubled in 2023 to USD 40 billion, reflecting both falling costs and expanding opportunities. The International Energy Agency projects that grid-scale battery storage capacity must grow from 28 GW in 2022 to 967 GW by 2030 to meet net-zero targets, highlighting the critical role storage will play in our energy future. The economics of battery storage have improved dramatically. The cost of 4-hour lithium-ion battery systems has fallen from approximately $490/kWh […]
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In this Research Note, we examine Smart Spaces, a UK-based vendor of smart building software for commercial real estate. We take an in-depth look at the origins of the firm, it’s deployments, and growth aspirations. Smart Spaces Origins Smart Spaces was established in 2010 as D2 Interactive Ltd, founded by Dan Drogman and his brother […]
In this Research Note, we examine Kieback&Peter, one of the long-established German manufacturers and systems integrators of building automation solutions and services. This analysis is based on last month’s publication of their annual company accounts. We also highlight their recent product launches, the planned new headquarters, and a 2025 acquisition. Kieback&Peter GmbH & Co. KG […]
In this Research Note, we examine CBRE’s recent announcement of the creation of a new Building Operations & Experience business segment, in conjunction with the acquisition of Industrious, a US provider of flexible workplace solutions. We assess the changes to the former Global Workplace Solutions business and comment on the Industrious acquisition and the state […]
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