31 Jul '16, 12pm

Global Energy Storage Surge Poised To Resemble Solar’s Recent Growth https://t.co/Dc8qzp7Fbs

Global Energy Storage Surge Poised To Resemble Solar’s Recent Growth https://t.co/Dc8qzp7Fbs

A new analysis from IHS Markit says the global grid-connected energy storage market is expected to double, from 1.4 GWh added in 2015 to 2.9 GWh this year, offering unique growth prospects for many energy companies as global energy markets continue to cool. According to the analysis, grid-connected energy storage capacity will surge to 21 GWh by 2025, with lithium-ion batteries becoming the mainstream energy storage solution over the next decade; more than 80% of global energy storage installations will include the technology by 2025. “Energy storage is set to grow as fast as solar photovoltaic energy has in recent years, sparking strong interest from a wide range of players and underscored by recent mergers and acquisitions among car manufacturers, major oil and gas companies, and conventional power suppliers,” states Marianne Boust, principal analyst at IHS Markit. “The ...

Full article: http://solarindustrymag.com/global-energy-storage-surge-p...

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