Saturday, April 26, 2014

Grid Scale Electricity Storage Market - Can batteries really be used extensively in next 10 years.

Global Grid Scale Electricity Storage Market is expected to soar as high as $113 billion (as per various researches) by 2017 and half of the revenue will be from renewable integration application. some key factors driving the growth of this market include rising need for renewable electricity and, power outages. lack of interest by investors (related companies) is however bringing a negative impact on the market. continuous rise in demand for greener power is creating huge opportunity for grid scale storage techniques.