Tuesday, 18 April 2017

Power storage market tops 14 GW, spurred by US demand

Industrial off-grid BESS installation vs. on-grid BESS system for RES integration Industrial off-grid BESS installation vs. on-grid BESS system for RES integration

Worldwide markets for battery energy storage systems (BESS) are expected to grow exponentially due to its grid, generation, and consumer-side applications – reaching more than 14 GW by 2020, up from about 1.5 GW in 2015, according to GlobalData analysis. The United States is leading the BESS market followed by Japan, Germany and China.

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