Energy capacity of advanced batteries for utility-scale energy storage applications will grow 71% per year through 2023, says Navigant

Traditionally, the electricity grid has functioned mostly without any stored resources. Today, however, the rapid expansion of distributed, renewable energy resources is increasing demand for energy storage on the grid even as technological advances in electro-chemistry are enabling advanced batteries to play an increasingly important role in grid management. According to a recent report from Navigant Research, the annual energy capacity of advanced batteries for utility-scale energy storage applications will grow from 412MWh in 2014 to more than 51,200MWh in 2023, at a CAGR of 71%.



from DIGITIMES: IT news from Asia http://ift.tt/1pdj0qS

via Yuichun