05/02/2018

Six Predictions that Will Shape the Global Energy Storage Sector in 2018

Government incentives will drive the growth of the storage sector as more and more countries invest while utility-scale systems will begin to compete commercially with traditional peak power plants.

Official Press Release Frost & Sullivan:

Frost & Sullivan Consultants Release 6 Predictions that Will Shape the Global Energy Storage Sector in 2018

Integration of innovative business models and multiple revenue streams such as revenue stacking must be adopted

The energy storage market is being swept by a wave of disruptive technologies and business models with companies looking to capitalize on this lucrative sector. Frost & Sullivan's recent analysis, Global Energy Storage Market Outlook, 2018, finds that the total installed capacity will grow 15.9 percent between 2017 and 2018, and the top six countries (China, US, South Africa, Chile, France, and Israel) will complete installation of 1,369 MW of grid-scale ESS projects in 2018. The study covers alternative energy storage technologies such as thermal energy storage, flywheel energy storage, compressed air energy storage, and supercapacitors and... ... More: Official Press Release Frost & Sullivan