Renewable Integration to Drive an $8.3 billion Grid-Connected Battery Storage Market by 2024
New analysis from Frost & Sullivan, Global Utility Scale, Grid-Connected Battery Energy Storage System Markets, finds that the market earned revenues of $0.46 billion in 2014 and estimates this to reach $8.30 billion in 2024. Lithium-ion batteries are expected to be the leading technology for grid-connected, utility scale systems over the next two to three…
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