Tracking the Rise of Intelligent Energy Storage
Power industry regulators around the world are increasingly coming to realize the multiple benefits of intelligent energy storage solutions. As Navigant highlights in the Q1 2015 edition of its Energy Storage Tracker, new regulatory mandates in the U.S., Europe and across the Asia-Pacific were key factors that made 2014 “a major year for the global energy storage industry.”
Demand for both utility-side and customer-sited, “behind the meter” energy storage systems is on the rise. Falling manufacturing costs, improved performance and utilities’ drive to reduce greenhouse gas emissions, while at the same time enhancing the resilience and efficiency of power grids, is adding to the momentum.