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The Grid Scale Battery Storage Market 2013-2023

Tuesday, April 9, 2013 0:14
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The rising demand for electricity has led to an increasing demand for more flexible and efficient grid systems that can handle intermittent power generated by renewable sources such as solar and wind. This has given rise to governments and private companies investing in battery and other types of energy storage systems to provide backup sources which can time shift or provide energy arbitrage at times of low and high demand. The grid scale battery storage market is a fledging and vibrant market with vast potential for future growth. Visiongain has determined that the value of the global grid scale battery storage market in 2013 will reach $1.17bn.
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