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.




Hse SandyHook
Latest Top Stories

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.


Sensus Smart Meters Tied To More Overheating Incidents And Fires

SaskPower is investigating two new meter failures, and Portland General Electric is working to replace 70,000 Sensus units amid fire concerns.


SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.

S&C Electric_id176
edf_id180