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Home / Articles / Nearly 600 Energy Storage Projects Have Been Announced or Deployed Worldwide, According to Pike Research

Nearly 600 Energy Storage Projects Have Been Announced or Deployed Worldwide, According to Pike Research

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Energy storage technologies, which offer the promise of enabling a wide range of long-duration and short-duration applications for purposes of balancing electricity grid operations, are gaining increased momentum in the global marketplace. While the industry still faces a variety of challenges including technology development and the need for cost reduction, a new tracker report from Pike Research indicates that nearly 600 energy storage projects have been announced or deployed worldwide, with a surge of new project activity during the past decade. Full Article

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