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Pike Forecasts Grid Stationary Energy Storage Market to Reach $35B by 2020; Significant Opportunity for CAES, Li-ion and Flow Batteries

Green Car Congress

According to a new report from Pike Research, worldwide installed revenues for stationary energy storage systems for the electricity grid will grow at a strong pace in the coming decade, increasing from $1.5 Worldwide installed revenue opportunity by energy storage on the grid (ESG) technology, 2010-2020.

Li-ion 199
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131. ELECTRIFYING EVERYTHING IN THE 2020s

Qnovo

Electric utilities will implement more energy storage projects on their grids — partly driven by regulations as well as the proliferation of clean-energy grids with distributed wind and solar generation. Forecasters expect this figure to drop below $100 in 2023.

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Elcora acquires vanadium sites in quest to further position in battery technologies

Green Car Congress

This strategic acquisition supports Elcora’s plan to enhance both its mining and energy storage solutions by adding additional markets related to battery technologies. Vanadium’s role in the growing energy grid storage will increase over the coming years. Therefore, the need for energy storage is crucial.