in News Departments > New & Noteworthy
print the content item

The global market for utility-scale renewable energy storage technologies is projected to reach $33.6 billion by 2018, primarily driven by the growing contribution of solar and wind energy to a utility's energy mix, according to a new report by Global Industry Analysts Inc. (GIA).

The Achilles' heel of renewable energy to date has been storage, says GIA. However, developments in renewable energy storage flaunt the potential to tilt the energy balance in favor of alternative energy resources, which has been hampered by reliability issues triggered by their intermittent and variable output characteristics.

According to the report, Europe and the U.S. represent the largest markets for utility-scale renewable energy storage. The U.S. is the fastest-growing regional market, with a projected compound annual growth rate of 40% over the analysis period.




Hybrid Energy Innovations 2015
Latest Top Stories

Sensus Issues Refund To SaskPower After Smart Meter Woes

As SaskPower continues to swap out its Sensus units following several meter failures, the two companies have reached an agreement in order for the utility to recover costs.


The Smart Utility's Guide To Choosing A Smart Meter

Electricity providers across North America are taking on grid modernization. This article outlines the myriad factors a utility should consider in order to select the best-possible smart meter.


DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.


How A GIS Can Help Utilities Address The Aging Workforce And Capitalize On Data

Baby Boomers, whose experience and know-how have served the utility industry so well for decades, are retiring. The author suggests utilities can use a geographic information system (GIS) to fill in resultant knowledge gaps.

Hybrid Energy Innovations 2015
S&C Electric_id176
edf_id180
Future Energy_id187