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
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. The firm forecasts that load leveling/peak shifting will represent 31% of the total market, followed by arbitrage (12%) and T&D upgrade deferral (7%).
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