Utility-Scale Storage Market Could Hit $33.6 Billion By 2018

Global Industry Analysts Inc (GIA) recently released a report predicting that the global market for utility-scale renewable energy storage technologies could grow to US$33.6 billion by 2018. This is largely brought about by the increase in generation from solar and wind sources. 

Now that federal subsidies and investments have helped to bring down the high costs of equipment like wind turbines and photovoltaic (PV) solar panels, the focus is now shifted to developing energy storage.

TSOs are looking to installing microgrids to remove the need for expensive energy transmission lines. Solar microgrids are also a rapidly-expanding market, with many users of solar energy dissatisfied with the intermittency of the source.

Source and Read More 

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.

LATEST ARTICLES

Future energy predictions: Growth of flexibility and grid forming

  It is well known that COVID-19 has caused low energy demand and the growth of renewable energy across Europe. Now, Andrew Tang, Vice President for Energy Storage at Wärtsilä, predicts this will result in swift action to build better grid resiliency. The share of renewable power across Europe has skyrocketed over the last six…

Read More

When Global Green Economy Met Energy Storage

Our energy system is dynamically evolving. The realization of the urgency towards Net Zero, Green economies has been more pressing than ever. The energy transformation serving a more sustainable future, safeguarding our ecosystem and protecting our planet is of paramount importance for many developed and developing nations across the globe. In this analysis, we delve…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x