New Study Forecasts Growth for Energy StorageNew Study Forecasts Growth for Energy Storage
The ESA sees energy storage as the resource-neutral, emission-free set of solutions for a more reliable, robust electric grid that enables all energy sources to operate more efficiently and effectively.
Brad Roberts, Executive Director of the ESA (and also a speaker at the Energy Storage Forum in Rome), said, “We are thrilled that an outside analysis affirms what the energy storage industry has already been seeing. The next five years will be critical and provide enormous opportunity to move storage technologies to full commercialization.”
Katherine Hamilton, Policy Director for ESA’s Advocacy Council, said, “As a nation, we need to support the market for energy storage through smart and effective regulatory and legislative policies that reduce risk, value the benefits, and encourage investment in these technologies.”
Specific findings include:
- Many energy storage technologies are under development and some are ready for commercialization;
- Mature technologies (thermal energy storage, pumped hydropower, for example) currently make up the vast majority of the energy storage market today;
- In the near term, advanced batteries and thermal storage technologies will see the largest growth opportunities;
- Research and development will continue to have a positive impact on energy storage technology innovation
If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.