The Energy Storage Market Quadruples in Five Years

February 20, 2012  |   Posted by :   |   Blog,Renewable Energy   |   Comments Off»

February 16, GreenTechMedia.com

A new report from KEMA examined two U.S. Energy storage scenarnios. One in which there is no tax credit incentive to drive the energy storage sector and another in which proposed tax incentives pass. Without a tax incentive , KEMA forecast the addition of 630 megawatts of new storage capacity. Without the incentives,  KEMA predicted that little more than half the total U.S. energy storage capacity would be in distributed storage and 820 megawatts would be used to facilitate the integration of renewables.

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