Asia-Pacific energy storage worth $12m…

A new report from Pike Research says that the growth in energy storage adoption in the Asia Pacific region will lead to a $12 million market, driven chiefly by Japan, South Korea and Australia, and that the total installed capacity of in Asia will surpass the 25GW barrier by 2022. Technical developments in India and China will also have a marked impact, says Pike.

…part of a $30bn global market in 2022

And it gets better. Pike is also forecasting the worldwide market for energy storage will be worth $30 billion in 2022. This takes into account advances in next-generation pumped storage, compressed air energy storage and advanced battery technology for grid-scale storage.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s