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Smart Grid Energy Storage Market to Grow 39.7% Annually Through 2013

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“Global Smart Grid Energy Storage Market 2009-2013” forecasts the smart grid energy storage market to grow at a CAGR of 39.7 percent, with EMEA region witnessing the highest growth rate. Energy storage systems in smart grids have now been implemented to improve transmission capacity, which is likely to find more political acceptance and which in turn will lead to their widespread adoption. The lack of flexibility of nuclear and coal power generation is also driving the Smart Grid Energy Storage market. Increasing renewable energy penetration in the electrical grid (smart grid) has been a major factor for growing energy storage system demand. Full Article

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