Renewable Integration to Drive an $8.3 billion Grid-Connected Battery Storage Market by 2024
Laboratorio Metrologico Ternano
18 Settembre 2015
batteries energy storage English Renewables smart grid storage
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New analysis from Frost & Sullivan, Global Utility Scale, Grid-Connected Battery Energy Storage System Markets, finds that the market earned revenues of $0.46 billion in 2014 and estimates this to reach $8.30 billion in 2024. Lithium-ion batteries are expected to be the leading technology for grid-connected, utility scale systems over the next two to three years.
The grid-connected utility-scale battery storage market is expanding rapidly, driven by impressive technological breakthroughs and growth in manufacturing capabilities. The rising profile of the market has caught the attention of governments, which are now rolling out favourable policy initiatives such as subsidies, preferential tariffs and targets in core markets. Commercialization of utility-scale grid-connected solutions will accelerate after 2017, bringing huge opportunities for companies that have the technological capabilities to compete.
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