Energy Storage Projects Continue to Increase Worldwide, Rising 8% in the First Half of 2012

 

Pike Research, July 5, 2012

 

According to a new tracker report, “Energy Storage Tracker,” the number of energy storage projects deployed on a global basis continues to rise as technologies move at a variety of speeds toward commercialization. The total number of energy storage projects deployed and announced (including inactive projects) rose 8%, from 600 to 649 during the first half of 2012, the tracker report finds. The number of deployed projects increased over those 6 months from 482 to 514. The region with the largest base of energy storage is Asia Pacific, which has just over 60 gigawatts of cumulative installed capacity. However, the market remains dogged by three criticisms: the market is overstated (projects have been announced but are not online); energy storage is too expensive; and advanced storage technologies are dependent on government support.

 

 

http://www.pikeresearch.com/newsroom/energy-storage-projects-continue-to-increase-worldwide-rising-8-in-the-first-half-of-2012