Energy Storage Market Overview and Forecasts

The stored energy market has grown exponentially but this is nothing compared to what we can expect to see in the coming years. Massive growth is expected all around the world and this will contribute to an exponential increase in distributed power in developed nations. This will also allow developing nations to forego the need for a expensive investments in grid infrastructure.

The combination of increasing-efficiency and decreasing-cost will keep driving demand for energy storage in 2017 and beyond.

Lithium-ion

Lithium-ion technologies accounted for more than 95 percent of new energy-storage deployments in 2015. There is no reason to believe that this trend will not continue. Given all the options on the table lithium-ion batteries have proven to be the most suitable type of storage for EVs and stationary energy across the grid, from large utility-scale installations to residential systems.

Event - California Energy Storage: Cost Effectiveness and Beyond

California Energy Storage: Cost Effectiveness and Beyond will take place on Thursday, April 17, 2014, 1:00pm - 3:30pm PST/ Streamed Panel Discussion 1:30pm - 3:00pm PST/ 4:30pm - 6:00pm EST. Meeting in San Francisco.

In October, 2013, the California Public Utilities Commission issued the unprecedented Decision requiring the state’s utilities to meet energy storage procurement targets of 1.3 gigawatts of storage by 2020. The Decision is intended to:

1. Assist in optimizing California’s electricity grid, including peak demand reduction, improving reliability, and deferring investments in transmission and distribution upgrades
2. Facilitating integration of renewable energy onto the grid
3. Contributing towards the state’s goal of reducing greenhouse gas emissions to 80 percent below 1990 levels by 2050.