The global energy storage market is expected to double in 2016, growing from 1.4 GWh to 2.9 GWh by the end of the year, before continuing to skyrocket, reaching 21 GWh by 2025.
These are the latest figures from a new report published by information and analysis company IHS Markit, released this week, which investigates the global energy storage market. The authors of the report also concluded that Lithium-ion batteries will become the mainstream energy storage technology, and will account for 80% of all global energy storage installations by 2025.
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