+1.212.628.7191info@eosenergystorage.com
Applications
Home / Articles / Grid-scale Energy Storage: Lux Predicts $113.5 Billion in Global Demand by 2017

Grid-scale Energy Storage: Lux Predicts $113.5 Billion in Global Demand by 2017

0

Last month Lux Research released a bottom-up evaluation of the cost effectiveness of eight energy storage technologies in six grid-scale applications throughout 44 countries, including all 50 U.S. states. Their report titled “Grid Storage under the Microscope: Using Local Knowledge to Forecast Global Demand” predicts that annual global demand for grid-scale energy storage will reach an astounding 185.4 gigawatt-hours (GWh) by 2017 and represent a $113.5 billion incremental revenue opportunity for an industry that currently generates sales of $50 to $60 billion a year. Full Article

Recent Posts
Contact Eos

Sign up to receive Eos' monthly newsletter.