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