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
The Pike report notes that while industry players anticipate that economies of scale provided by the motive market for Li-ion will translate into lower costs for grid-scale applications, this has yet to happen. Economies of scale for such components will rely on the number of installations, not the size of the project.
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