Energy storage for the grid expected to reach US$15.6 billion in annual revenues by 2024, says Navigant

Developing energy storage that is viable for grid applications has been a goal of vendors and grid operators for a number of years. Recently a number of factors have begun to converge to bring that goal close to fruition. According to a new report from Navigant Research, worldwide revenues from energy storage for the grid and ancillary services is expected to grow from US$675 million annually in 2014 to $15.6 billion in 2024.



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