Utility Integration

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Energy Storage Set for Record Year in 2016

With almost 3GW of energy storage capacity either in operation or planned, analysis firm IHS believes the energy storage market will rise significantly in the near future.

Battery cost reductions, government funding programs and utility tenders led to a 45 percent increase in the global energy storage pipeline in the fourth quarter of 2015 compared to the previous quarter. According to IHS the global pipeline of planned battery and flywheel projects had reached 1.6 GW by the end of Q4 2015.

“Suppliers and developers around the world are preparing for a record year in 2016, with significant growth projected in a wide range of regions and market segments,” said Marianne Boust, principal analyst for IHS Technology.

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NewsUncategorized

Energy Storage Set for Record Year in 2016

With almost 3GW of energy storage capacity either in operation or planned, analysis firm IHS believes the energy storage market will rise significantly in the near future.

Battery cost reductions, government funding programs and utility tenders led to a 45 percent increase in the global energy storage pipeline in the fourth quarter of 2015 compared to the previous quarter. According to IHS the global pipeline of planned battery and flywheel projects had reached 1.6 GW by the end of Q4 2015.

“Suppliers and developers around the world are preparing for a record year in 2016, with significant growth projected in a wide range of regions and market segments,” said Marianne Boust, principal analyst for IHS Technology.

Read More