Strategic planning of Chinese industry at a state level could see electrical energy storage installations grow in importance, rocketing to as much as 24GW by 2020, according to one analysis firm.
Many have predicted 2016 will be the year when energy storage starts to live up to its hype. Andy Colthorpe canvased views from some of the leading figures and companies in the sector on the next developments a market that could help take solar and other renewables to the next level.
A small number of regional markets are leading the way for energy storage deployment in the US, but this is likely to change in the near future, an analyst from GTM Research has said.
German storage system manufacturer Sonnenbatterie, which announced this week the close of a US$10 million equity funding round, said it sees “high growth potential” for its products in Australia, the UK and Italy.