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It’s here now. But some major hurdles are blocking wide scale deployment. Balancing the electricity load is difficult. Storage devices, if they can be shown to work at commercial scale, would be a huge boon to an industry that is trying to advance renewable power. It can help utilities avoid downtime and thereby save billions in lost opportunities while also allowing such companies to sell blocks of peak power at premium prices. A KEMA study is forecasting that if the technology is given the right financial incentives then 2-4 gigawatts of energy storage would be developed in five years. The study also says that the cost of the now-expensive storage will drop. Full Article

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