JOSTEIN EIKELAND

Energy storage ‘is set to explode’


Energy storage is often heralded as the ‘holy grail’ of the energy market. It seems that a number of researchers and companies have worked hard and long enough that this holy grail is ready to see the light. According to market research firm IHS, the energy storage market is set to “explode” to an annual installation size of 6 GW in 2017 and over 40 GW by 2022 – from an initial base of only 0.34 GW installed in 2012 and 2013.