NewEnergyNews: Global Grid-Scale Energy Storage Market Now

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    Friday, March 30, 2018

    Global Grid-Scale Energy Storage Market Now

    Market Data: Energy Storage for the Grid and Ancillary Services; Global Market Drivers, Trends, and Forecasts for the Large-Scale Energy Storage Industry: 2018-2027

    1Q 2018 (Navigant Research)

    “The utility-scale market focuses on energy storage for the grid and ancillary services (ESGAS), which refers to five of the most common applications for energy storage situated on the utility side of the meter…[The industry has matured significantly over the past 2 years but remains concentrated in countries with available] financing, favorable regulations, and innovative business models…The growth of energy storage is expected to continue following the increasing development of renewable generation…[As energy storage system (ESS) prices continue to decline and investor confidence grows, new companies will enter] the market to provide capital, project development expertise, and access to new markets…” click here for more

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