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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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Key applications for long-duration energy storage include counterbalancing the intermittency of renewable energy sources such as wind and solar power; leveling the loads and time-shifting periods of peak demand on the grid; and avoiding or delaying the construction of costly transmission and distribution (T&D) assets, among others.

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ARPA-E Awards $151M to 37 Projects for Transformative Energy Research

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Direct Solar Fuels (5 projects). Renewable Power (4 projects). Planar Na-beta Batteries for Renewable Integration and Grid Applications. DIRECT SOLAR FUELS. Cyanobacteria Designed for Solar-Powered Highly Efficient Production of Biofuels. Towards Scale Solar Conversion of CO 2 and Water Vapor to Hydrocarbon Fuels.

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