Loading...
You are here:  Home  >  Energy and Environment  >  Current Article

Nothing standing in the way of energy storage’s ‘explosive growth’: Navigant

Posted by   /  September 17, 2019  /  No Comments

    Print       Email
Credit: GE

By Ricardo Rodriguez | Utility Dive

The growth of the global energy storage market is creating one headline after another, as analysis after analysis predicts new heights of investments and deployments. Coupled with falling technology costs, particularly for lithium-ion batteries, energy storage is expected to play a key part in the global transition toward a more sustainable and reliable power grid.

“Nothing really does seem to be standing in the way of its explosive growth,” Ricardo Rodriguez, research analyst for distributed energy storage at Navigant Research, told Utility Dive.

“[T]he biggest driver of growth going forward — outside of cost — is likely to be the development of new market opportunities and value streams that are opened up by favorable federal and state regulations.”

The market research company in its latest report identified close to 2,100 energy storage projects globally. And international storage markets are anticipated to grow exponentially over the next decade, a second report from Rethink Technology Research found.

READ ON:

    Print       Email

Leave a Reply

You might also like...

Hundreds of Mayors Call on Congress to Extend the Solar Investment Tax Credit

Read More →