Grid-Scale Energy Storage To Be Worth $113.5 Billion Per Year By 2017

Lux Research, an independent research and advisory firm providing strategic advice and on-going intelligence for emerging technologies, have recently released a bottom-up evaluation of energy storage technologies for grid-scale application. In their report, “Grid Storage under the Microscope: Using Local Knowledge to Forecast Global Demand”, they predict that by 2017 annual demand for grid-scale energy storage will be at 185.4 gigawatt hours globally, and worth $113.5 billion a year. They forecast an average annual demand growth of…

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