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Energy storage at the distribution substation level today accounts for a fraction of smart grid investment dollars. But that’s going to change, says IMS Research. The market research and consulting company predicts that revenues for energy storage in distribution substations will grow at a more than healthy annual growth rate of 50% over the next several years. In a new report, IMS goes further to say energy storage in distribution substations will take up 10% of the nearly $700 million global distribution substation power quality equipment market by 2016 – and, as the company says, “will be fundamental to the achievement of much of the promise of the smart grid.” Full Article

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