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Friday, 22 January 2016 09:54

System size a key differentiator in energy storage

According to IHS Technology, a market research and forecasting company based in Englewood, Colorado, the global pipeline of planned battery and flywheel projects reached 1,6 gigawatts (GW) in in the fourth quarter of 2015, marking a 45% increase compared to the previous quarter.

Based on a pipeline of about 900 megawatts (MW) of global grid-connected battery projects expected to be commissioned this year, IHS Technology is forecasting that the global installed capacity of energy storage systems will double by 2017.

The brunt of the new energy storage projects deployed in 2016, or about 45% of the total capacity, is likely to be in the United States. Japan will account for the second-largest share of the total capacity, claiming about 20% of the total capacity.

Source: Forbes

Link: http://www.forbes.com/sites/williampentland/2016/01/19/as-energy-storage-enters-mainstream-markets-system-size-becomes-key-differentiator/#2715e4857a0b252829d169db

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