Non-hydro utility-scale energy storage solutions are landing record-setting contracts in multiple regions, marking a transition beyond small-scale ancillary services.
IMPACT
Fast-reacting and flexible energy storage resources can efficiently provide ancillary services to free-up traditional generation assets for wholesale market participation.
OUTLOOK
The U.S. Bicameral Task Force on Climate Change recently cited that by 2022, the worldwide demand for grid-scale storage will be more than $30 billion per year. This projection further highlights the growth of energy storage from small-scale ancillary services to large-scale capacity resources.
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