The market for energy storage and ancillary services is expected to total 93.8GW by 2025, according to a new report by Navigant Research.
The report – ‘Energy Storage for the Grid and Ancillary Services’ – found an increasing interest from utilities and grid operators in energy storage.
However, many developers still see a “significant need for education throughout the industry and believe these systems should have their own rules and be treated as a unique technology in regulatory structures”, Navigant said.
Differences in energy market structures and grid needs around the world will result in energy storage markets with unique needs, the report said.
“This dynamic highlights how important it is to have flexible offerings in both technologies and business models to succeed,” it added.
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