1. Where Is The US Energy Storage Market Going?

    Where Is The US Energy Storage Market Going?

    “When an industry grows 40% in a year and is forecast to grow another 300% the next,” said GTM Research energy storage analyst Ravi Manghani, “the opportunities will not be limited to just one segment or one technology. They will be in the entire value chain and each step in it.” The growth is expected to continue for at least the next five years, added Manghani, author of the GTM Research-Energy Storage Association U.S. Energy Storage Monitor 2014 Year In Review.

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  1. Quotes

    1. When an industry grows 40% in a year and is forecast to grow another 300% the next, the opportunities will not be limited to just one segment or one technology. They will be in the entire value chain and each step in it.
    2. But cost is only one side of the equation.
    3. It takes two to four years of commercial data for end customers, financiers, and EPCs to buy a technology.
    4. Lithium ion chemistries have been good for 15 minutes to 2 hours to 4 hours.
    5. For an average C&I customer, 30% to 50% of their bill is the demand charge.
    6. SRP is only one utility out of the 3,000 in the U.S. but it will not be the last utility to enforce a residential rate structure that benefits solar-plus-storage.
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    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Microgrid & Community, Military, Residential, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Pumped Hydro, Sodium, Supercapacitors, Thermal, Vanadium, Zinc
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