Dive Summary:
- The next decade will see a rapid expansion in energy storage on the grid as utilities bolster electricity reliability and security, a new report by Pike Research claims.
- The energy storage market will struggle but nearly 56 gigawatts of energy storage will be installed by 2022, as the result of heightened demand for long-duration or bulk energy storage.
- At the same time, determined energy storage venders are rapidly improving their technologies, layering applications, and delivering solutions to many problems with a single installation.
From the article:
"The industry is at a key point, as vendors attempt to fully commercialize technology and develop business cases that highlight total value, rather than simply applications."