GE Power, in Need of a Lift, Chases Tesla and Siemens in Batteries - WSJ - 0 views
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The giant platform called GE Reservoir is expected to store electricity generated by wind turbines and solar panels for later use. The battery-storage market is expected to grow in coming years as some utilities look for less-expensive alternatives to the power plants that fire up during peak hours to meet power demand.
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Siemens, one of GE’s biggest rivals in the power business, paired with AES Corp. last year to launch Fluence Energy LLC, a joint venture that is building what is expected to be the world’s largest lithium-ion battery in California. IHS Markit predicts the global market for batteries in the power sector will grow 14% annually through 2025.
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The company tried making batteries using sodium-based technologie
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