Is this for real? Market researcher claims grid-scale energy storage will jump 4,000% in four years!
By: SGN Staff
Quick Take: I'm all for optimism. And yes, I think grid-scale storage is on a growth path. It may even get a nice bump from a pending German storage subsidies. But I having a hard time believing that it will grow nearly 4,000% in just four years, as predicted by the report described below. I'd approach this one with caution.- By Jesse Berst
It may be a tough one to swallow, but technical and market research company Global Information Inc. says the grid-scale energy storage market will take off from $2.8 billion to reach $113.5 billion in 2017 â€“ for a truly astounding jump of 3,954%.
The numbers reflect an almost 5,694% hike in capacity and are included in a report entitled "Finding the Perfect Partner in the Global Grid Storage Market" which uses the Lux Innovation Grid technology "value and business execution scoring metric to extract top partnership prospects for the myriad suitors in the global grid storage network."
Other findings in the Global Information report are less shocking. Here are a few:
Â· As the grid storage market approaches maturity, "bankruptcies, fires and geographical shifts have been rampant"
Â· But the "vibrant" market is still a young one with "vast potential" for future growth
Â· Partnerships will develop and smaller players will be shoved out as the storage market continues to grow
Â· Tech developers are hunting for high-profile corporate partners to develop and market their products as multi-national companies sniff out start-ups to get innovative intellectual property at cheap prices
The report also includes submarket forecasts for lead acid, flow, lithium-ion, sodium sulphur and various other battery chemistries.
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Jesse Berst is the founder and chief analyst of Smart Grid News.com, the industry's oldest and largest smart grid site. A frequent keynoter at industry events in the U.S. and abroad, he also serves on advisory committees for Pacific Northwest National Laboratory and the Institute for Electric Efficiency. He often provides strategic consulting to large corporations and venture-backed startups. He is a member of the advisory boards of GridGlo and Calico Energy Services.