Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B
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JULY 18, 2011
Electric grids require balance in order to function properly. The energy storage market is currently limited by a number of factors, Pike notes, including: Inflexible electricity market structures; Displaced cost and benefits (i.e., 2010 vs 2011 forecasts. Earlier post.). —Energy Storage on the Grid (2011).
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