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
This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. This means that we will need 3x more battery capacity investments to meet 2020 EV demand. “In the near-term, we expect to see some consolidation in the battery industry, with a few leaders taking the lead.
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