in News Departments > FYI
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 growth of wind energy and solar power, according to a new report by Global Industry Analysts Inc. (GIA).

Developments in renewable energy storage have the potential to tilt the energy balance in favor of renewables, which have 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.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

BG 2015DblBox_id2032
Renewable NRG_id1934
Canwea_id1984
Hybrid Energy Innovations 2015