Tag «Cumulative Installed Base»

Energy Storage Outlook Strengthens as Cumulative Installed Base to Reach 52 Gigawatts in 2025 From Under Four GW Installed Today, Says IHS Markit

Julian Jansen, senior analyst, solar and energy storage, IHS Markit   In 2016, 1.3 gigawatt (GW) of grid-connected energy storage was deployed, which will grow to 4.7 GW in 2020 and 8.8 GW in 2025. The grid-connected energy storage market is projected to grow from annual revenues of $1.5 billion in 2016 to more than …