New research from Bloomberg New Energy Finance (BNEF) forecasts massive growth in the energy storage market, first in utilities and then in corporations seeking to reduce their overhead costs.
The “Global Energy Storage Forecast, 2016-2024” shows that the annual investment in energy storage systems will increase six-fold to $8.2 billion in 2024.
Creative Commons Lic.A 1MW and 4MW containerized vanadium flow battery owned by Avista Utilities and manufactured by UniEnergy Technologies that was installed at the Schweitzer Engineering Laboratories, in Pullman, Wash.
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Source: COMPUTER WORLD