The global energy storage market is expected to increase 13-fold over the next five years and add as much as 146 gigawatt-hours (GWh) of new capacity by 2024, according to a new report published Tuesday by Wood Mackenzie Power & Renewables.
The U.S. utility market for energy storage this fall is warming ahead of expectations, with requests for proposals accelerating from a mild demand level earlier this year. This firming 2018 market was not predicted by some storage system manufacturers until two years from now, when more field performance data will be available to confirm manufacturers’ claims.
The US energy storage market deployed 40.7 MW worth of storage in the second quarter this year, its best quarter in two and a half years, says GTM Research. GTM Research and the US Energy Storage Association released the latest edition of their US Energy Storage Monitor report, which highlighted the … [continued]
The global energy storage market will rise to $50 billion by the year 2020, according to Lux Research — with a predicted compound annual growth rate of 8% until then. Much of the predicted rise will be in “transportation applications,” which will rise to $21 billion by 2020, according to … [continued]
CleanTechnica has a partnership with GBI Research to help get more cleantech market research reports into more people’s hands*. GBI Research recently published a new report on the Global Energy Storage Market to 2020 (in April 2013) and passed this one on to me to share with you all. Unfortunately, … [continued]
Energy storage may be the next big thing in cleantech, and in the energy sector as a whole. We have never had much energy storage in place across the world. Instead, we have built a tremendous amount of backup capacity. With the variability of wind and solar, their increasingly low … [continued]
This article was originally published on Renew Economy: A new study released by the Clean Energy Council points to the huge role that energy storage can play in the evolving power markets, but points to the huge barriers – mostly the interests of incumbent utilities – that stand in its … [continued]
