Part 6/11:
Using the figure of 3.9 MWh per Mega Pack and an estimated price of $2 million per unit, the potential global market for energy storage could reach around $17 trillion. This is an astronomical figure, emphasizing how enormous the opportunity is if the energy storage revolution unfolds as visualized.
Caveats and Variables
It's critical to understand that these calculations are rough estimates, based on assumptions such as a 12-hour buffer requirement. Adjusting the buffer duration (say to 4 or 24 hours) directly impacts the number of Mega Packs needed and the total market size. Additionally, as renewable energy sources become more prevalent, the need for substantial storage capacity will only grow to stabilize supply and demand.