French oil and gas company Total SA's announcement in early May that it would spend about $1.1-billion (U.S.) to acquire Saft Groupe SA may signal a new era of opportunity in the energy-storage market.
"Energy storage has been the thing that's coming for a long time, but it's here now," says Thomas Timmins of Gowling WLG in Toronto.
"Existing technologies are achieving scale, the price is dropping regularly – much more quickly than expected – and new technology is evolving rapidly."
Lexpert contributor Julius Melnitzer reports at lexpert.ca/globe