Report: Energy storage market to reach $250B by 2040

on June 16, 2016

energy storageAs battery costs fall, storage deployments rise. That trend led to a record year for energy storage deployment in 2015, and the trend will continue into the future, according to BNEF’s New Energy Outlook.

“Batteries will get a boost as costs drop and developers see the chance for lucrative new revenue streams,” said Julia Attwood, storage analyst at BNEF.

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Utility DiveReport: Energy storage market to reach $250B by 2040