On November 11th, 2011, Pike Research (Boulder, Colorado, US) released a new report predicting that total energy storage capacity worldwide will increase from 121 MW in 2011 to 12,353 MW in 2021 – multiplying 100-fold over a 10-year period. According to the report, more than USD 122 billion investment is expected in energy storage projects over the same period.

Pike Research's report, "Energy Storage on the Grid", includes analysis of key market drivers and barriers for the emerging energy storage market, technology issues, and detailed profiles of 12 key countries.

An alternative to traditional grid management

"Traditionally, grid operators have only had access to generation assets, such as natural gas peakers, to balance electricity flows across the grid by adding power to it," Research Analyst Anissa Dehamna said.

"Energy storage provides grid operators with an alternative to traditional grid management, offering a variety of technologies that together are well-suited for up to 17 applications of energy storage."

2011-11-17| Courtesy: Pike Research | solarserver.com © Heindl Server GmbH

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