energy storage market

The US Energy Storage Association has issued an expanded vision for energy storage charting a path to 100GW of new storage across the United States in the next decade.

A quarter of US energy storage companies expect to reduce their workforces due to the impact of the COVID-19 pandemic, while more than half are anticipating a loss in revenues, according to a new survey from the US Energy Storage Association.

The global energy storage – mobility applications, electronic devices, and stationary storage – will reach an annual combined deployment level of 3,046 GWh over the next 15 years.

They discuss the association's work in helping regulators give access and value to grid-based storage across the US, the massive growth in the sector forecast for 2020, and the rise of residential solar in 2019.

It’s becoming familiar ground, working in a sector where technology is continually evolving at a rate federal and state regulators seemingly can’t keep pace with, leaving utilities stuck in a semi-state of partial readiness, but unable to make big moves as oil, gas and coal are fought for at the highest levels.

A new report from Navigant Research analyses the global market for energy storage systems (ESSs), providing forecasts of software vendor revenue for upfront system deployment and annual platform access/maintenance fees through 2028.

The US Department of Energy has announced approximately $40 million in funding to advance the H2@Scale concept.

The global prices for lithium ion batteries will drop by 6.5% per annum over the next decade.

A new report from Global Market Insights estimates that the worldwide energy storage market will reach a total value of $500 billion by 2025.

According to BloombergNEF’s (BNEF) Energy Storage Outlook 2019, energy storage installations around the world will multiply exponentially