The US and China led the world in the deployment of energy storage facilities in 2017, according to new research. The report from GTM Research found that the two countries had the highest number of new developments, due to a number of large projects coming online and market incentives that rewarded investment in storage. Meanwhile Germany and China were leading in the residential storage sector, whilst Australia could potentially outperform all other countries within five years, building on its position as the largest renewable energy market in the world.
The US and Australia led the world in the deployment of energy storage facilities in 2017, according to new research. The report from GTM Research found that the two countries had the highest number of new developments, due to a number of large projects coming online and market incentives that rewarded investment in storage. Meanwhile Germany and Australia were leading in the residential storage sector, whilst China could potentially outperform all other countries within five years, building on its position as the largest renewable energy market in the world.