THE STATE OF ENERGY STORAGE

Nearly 600 Energy Storage Projects have been Announced or Deployed Worldwide
October 25, 2011 (Pike Research)

"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…[T]he 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…"

click to enlarge

"…[T]he wide variety of technologies, applications, and lead times for installations in this sector can make it difficult for many industry participants to analyze the overall market...

"Pike Research’s Energy Storage Tracker 4Q11 aims to identify key market trends on a holistic basis by systematically compiling the available data on all projects around the world including analysis of site, region, size, status, duration, market segment, applications and funding profiles."