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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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Installed revenue by ESG technology, worldwide. Click to enlarge. In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Earlier post.). Earlier post.). Electric grids require balance in order to function properly.