The utility-scale energy storage market will exceed US$2.5 billion in revenue by the year 2023, according to forecasting by Navigant Research, the research arm of consultancy Navigant.
Nuclear and renewable energy technology engineer, Areva has teamed up with renewables energy generator and distributor, Schneider Electric.
Neither commercial-scale nor energy storage have yet take off in the US. But as Felicity Carus reports, this could be about change as companies eye opportunities in both segments.
