Revenues from energy storage technologies expected to exceed US$21 billion annually by 2024, says Navigant

The supporting technologies associated with energy storage systems include power conversion (primarily focused on inverters), system-level software and controls, and systems integration services. Forming a critical component of the energy storage value chain, these technologies face intensive scrutiny, as vendors come under pressure to deliver more consistent pricing. According to a new report from Navigant Research, worldwide revenues from energy storage enabling technologies are expected to grow from US$605 million annually in 2015 to more than US$21 billion by 2024.



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via Yuichun