Energy storage could reach 35 GW by 2025, according to the Energy Storage Association and Navigant Research. The first quarter of 2017 saw the biggest-ever increase in storage projects, with 71 MW of new capacity deployed, a 276% increase on the same quarter last year. The report identifies market forces that it claims will drive further expansion, including the increased adoption of electric vehicles and the need for a more resilient energy grid. “While we are seeing significant growth in battery storage, there is still much work left to be done before this technology can compete against traditional fossil fuel generation sources,” said John Rogers, president of the American
Energy storage could reach 35 GW by 2025, according to the Energy Storage Association and Navigant Research. The first quarter of 2017 saw the biggest-ever increase in storage projects, with 71 MW of new capacity deployed, a 276% increase on the same quarter last year. The report identifies market forces that it claims will drive further expansion, including the increased adoption of electric vehicles and the need for a more resilient energy grid. The authors claim increased storage could create more than 167,000 new jobs and save $4bn in operational costs.