Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B
Green Car Congress
JULY 18, 2011
Energy storage technologies represent an alternative to traditional grid management using generation assets such as natural gas peakers to balance the grid by adding power to it. Thus, the ancillary services forecasts are based on a value of power ($/kW). The cost figures that Pike Research bases its forecast on have also changed.
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