Energy storage could reach 35 GW by 2025, according to ESA-Navigant. 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.
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.