NewEnergyNews: 20X Growth For Global Grid Scale Storage In Next Decade

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    Thursday, July 20, 2017

    20X Growth For Global Grid Scale Storage In Next Decade

    Country Forecasts for Utility-Scale Energy Storage; Utility-Scale Energy Storage System Capacity and Revenue Forecasts for Leading Countries

    July 20, 2017 (Navigant Research)

    “…[The U.S. and Germany continue to lead utility-scale energy storage markets worldwide but] additional markets in Europe have emerged as some of the most attractive, notably the United Kingdom and Italy…Early adopter utility-scale energy storage markets in Asia Pacific such as Australia, Japan, and South Korea have also seen significant market growth as they push toward ambitious grid modernization goals…[T]he potentially massive markets in China and India are gaining traction as regulations and business models continue evolving [and] new energy storage projects are being announced at an increasing rate [in emerging markets], leading to more utilities and regulators waking up to the benefits the technology can provide. According to Navigant Research, global annual utility-scale energy storage power capacity additions are expected to grow from 1,158.8 MW in 2017 to 30,472.5 MW by 2026…” click here for more

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