Pike Research: More than 700 energy-storage projects around globe

By: Steve Wednesday December 26, 2012 0 comments Tags: Anissa Dehamna, Boulder, energy storage, Navigant, Pike Research

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BOULDER - The total number of energy-storage projects worldwide reached 714 in the last quarter of 2012, according to a study by Pike Research.

The number includes projects announced, funded, under construction and operating, Pike said.

The report said two factors are influencing the expansion: Increasing demand and a brighter economic outlook making companies more willing to invest in energy storage.

"Various governments' strategies to expand energy storage are beginning to yield significant dividends in the form of expanded project count and capacity," said Anissa Dehamna, Pike research analyst.

"Looking back, we can see that there was a considerable diversification of the technology mix during 2010. Both private investment and government spending contributed to this diversification."

Traditional pumped storage still leads the market in terms of megawatts installed (with 10,359 MW from 2007-2012), according to the report, and will continue to be a strong presence in terms of new installation for at least the near future.

The report, "Energy Storage Tracker," includes a database of 757 projects and tracks the country, region, market segment, status, technology vendor, applications, funding, investment and other key milestones for each project.

A free executive summary of the report is available for download at Pike Research.

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